Trader, analyst and instructor with a 6-year experience

AUD/USD: Elliot wave analysis

Weekly. We see some local upward movement in the last section, its value made us change the layout. In the near future we expect upward movement.

Chart. Weekly AUD/USD

Daily. We are probably witnessing a beginning of construction of the wave [C]. The first waves of this impulse have been formed.

Chart. Daily AUD/USD

H4. We are currently seeing the construction of the wave (3). This wave is usually the most powerful and rapid in the impulse. In the last section we can observe the acceleration of the bullish trend. In the near future we expect the continuation of the advance.

Chart. H4 AUD/USD

Roman Petuchov for FX BAZOOKA

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