AUD/USD: Elliot wave analysis
Weekly. The pair keeps forming the wave III of the downside impulse. This wave looks powerful, stretched and rapid – just as it has to be.
Chart. Weekly AUD/USD
Daily. The marking on the daily chart shows that the pair keeps forming the wave  of III.
Chart. Daily AUD/USD
H8. In line with our forecast Aussie has formed the wave (4) of  of III. When this wave is complete, the decline in the wave (5) will resume. The decline will probably last during the whole week.
Chart. H8 AUD/USD
Roman Petuchov for FBS