Elliott Wave Analysis: AUD/USD May See A Reversal Higher

AUD/USD fell in five waves downs from 0.7582 this week, which is a bearish pattern but a larger degree pattern suggest that it can be wave B) so we have to be aware of a new significant turn next week. But as always try to focus on minimum expectations, so no matter what the larger degree count is you still expect a three wave recovery because of that five wave fall to 0.7437. That been said, we would not be surprised to see pair traveling back above 0.7500.

AUD/USD, 1H

AUD/USD Hourly Chart

This entry was posted in PRO and tagged . Bookmark the permalink.
0 0 votes
文章评分
Subscribe
Notify of
guest
0 评论
Inline Feedbacks
View all comments