Elliott Wave Analysis: AUD/USD In A Bigger Correction

AUD/USD has been trading bearish in 2018, it unfolded a five-wave impulsive movement which is now being retraced. We are tracking a three-wave pullback which can look for resistance and a bearish reversal near the 0.739/0.745 region (area of former swing highs). That said, at the moment price can be unfolding sub-wave B) of a three-wave correction; possible support around the 0.700 region.

AUD/USD, 4 Hour

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