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AUD/USD: Elliott waves (Dec. 16)

Weekly. The pair continues building the wave [b] which takes the form of a zigzag. Now Aussie’s forming a final wave of this zigzag – (C).

Chart Weekly AUD/USD

Daily. At the moment, the wave V of (C) is being formed.

Chart. Daily AUD/USD

H4. The market is declining in wave (5) of [3]. The pair’s likely to keep declining in this wave in the coming days. After that construction of the correctional wave [4] will start.

Chart. H4 AUD/USD

Roman Petuchov for FBS

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