AUD/USD: Elliot wave analysis
Weekly. The downward impulse wave III keeps unfolding.
Chart. Weekly AUD/USD
Daily. Presumably the wave  has been fully formed. If this is true, we will soon see a decrease in the impulse wave .
Chart. Daily AUD/USD
H4. The waves (1) and (2) of the downward movement are complete. In the near future we expect a decline in the wave (3). However, in this situation, we shouldn’t forget about the alternative scenario. If the pair renews the maximum of wave , we’ll see a continuation of the upward movement in the wave . You have to be very careful with the sales.
Chart. H4 AUD/USD
Roman Petuchov for FX BAZOOKA