Trader, analyst and instructor with a 6-year experience

AUD/USD: Elliot wave analysis

Weekly. The pair keeps forming the wave III of the downside impulse.

Chart. Weekly AUD/USD

Daily. At the moment we are witnessing the formation of the corrective wave (4). Then the market will start a decline in the wave (5).

Chart. Daily AUD/USD

H8. The wave (4) is taking form of a long horizontal correction. As it always happens with such waves, it’s aimed upwards, against the dominant trend of the higher wave level. When this wave is complete, we expect a decline in the wave (5).

Chart. H8 AUD/USD

Roman Petuchov for FBS


Scroll to top