AUD/USD: Elliot wave analysis
Weekly. The pair keeps forming downward impulse wave III.
Chart. Weekly AUD/USD
Daily. The pair may have finished the construction of a corrective wave . In the near future we expect a decline in the wave .
Chart. Daily AUD/USD
H4. The pair keeps forming the wave (2). The construction of this wave was delayed, so in the near term we expect a start of a decline in wave (3). It’s possible that we’ll see a top-down “shot” of a price. After such protracted corrections there are often strong price movements.
Chart. H4 AUD/USD
Roman Petuchov for FX BAZOOKA