Currency Analyst since 2010

AUD/USD: Elliot wave analysis

Weekly. As expected, the decline in the wave III is continuing.

Chart. Weekly AUD/USD

Daily. We see the wave [3] of III forming.

Chart. Daily AUD/USD

H8. After a minor correction in the wave (4) the prices will likely keep declining. For now there are no signs of a stop in a downtrend.

Chart. H8 AUD/USD

By Roman Petuchov for FBS

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