Elliott Wave Analysis: AUD/USD Intraday View

AUD/USD stopped at 0.7518 recent after strong five waves up last week which we see it as an extended blue wave three. Notice that current price move is now already overlapping so it can be a corrective price move; ideally a triangle in wave four that can send prices higher into wave five, towards 0.7550, maybe even 0.7600 in the next 24-48 hours. At the same time, keep an eye on 0.7390; fall below that price would suggest that top has been put in place

AUD/USD, 1H

AUD/USD 1 Hour Chart

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