AUD/USD Taking Price Lower: Elliott Wave Analysis

AUD/USD is dropping into a five-wave move from the 0.703 high and is currently unfolding wave 3 of a downtrend. Wave 3 is an impulse, so it has to be structured by five legs; at the moment price can be ending a leg iii of 3, so be aware of a temporary pullback as a leg iv in upcoming sessions.

audusd, 4h

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