AUD/USD: Elliot wave analysis
Weekly. The pair keeps forming the wave III of the downside impulse.
Chart. Weekly AUD/USD
Daily. The pair has finished the wave , so now we are witnessing the formation of the corrective wave . The fourth wave may take form of a long horizontal correction.
Chart. Daily AUD/USD
H8. Usually the fourth waves of an impulse are hard for trading as they are full of deceptive strong moves and can take an unpredictable shape. As a result, we recommend standing aside until the wave  is complete.
Chart. H8 AUD/USD
Roman Petuchov for FBS