AUD/USD: Elliot wave analysis
Weekly. The pair keeps forming the wave III of the downside impulse.
Chart. Weekly AUD/USD
Daily. In line with our forecasts we are witnessing the formation of the wave , which may take form of the long horizontal correction.
Chart. Daily AUD/USD
H8. We may be witnessing a flat, and this week the market will rise as it’s shown at the picture. If the wave  takes form of a flat, double/triple three or a triangle, the pair will rise this week. This forecast may not come true if the wave  is already complete. However, fourth waves are usually long, so the situation will likely unfold in line with the forecast.
Chart. H8 AUD/USD
Roman Petuchov for FBS