HomeContributorsTechnical AnalysisElliott Wave Analysis: AUDUSD Undergoing A Bearish Movement, More Weakness In View

Elliott Wave Analysis: AUDUSD Undergoing A Bearish Movement, More Weakness In View

AUDUSD is displaying a strong bearish structure away from 0.7711 level where a high has been found. Current structure we can count as a bigger three wave move in the making, with blue waves one and two already completed, which means current sharp fall is part of blue wave three. Ideally we will see more weakness develop this week.

AUDUSD, 1H

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