Currency Analyst since 2010

AUD/USD: Elliot wave analysis

Weekly. AUD/USD had breached the critical level, so we adopted new marking. For now the pair’s forming the wave III which is rapid and powerful.

Chart. Weekly AUD/USD

Daily. Here’s a more detailed marking of the impulse in the wave III. After the impulse in the wave [3] is over, there will be a corrective wave [4].

Chart. Daily AUD/USD

H8. The more detailed marking shows that the downside impulse is close to an end. After this minor correction the pair will renew minimum.  


Chart. H8 AUD/USD

By Roman Petuchov for FBS

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