Elliott Wave Analysis: GBP/AUD Update

GBP/AUD made a sharp bounce in the past couple of hours, away from 1.7603 level, which indicates that correction is still not complete. We now see a possible flat pattern in the making, with leg C that can look for resistance and a turning point near the 1.785/1.790 region where various Fibonacci ratios sit.

4-Hour GBP/AUD

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

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