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HomeContributorsTechnical AnalysisElliott Wave Update: EURAUD Aiming Towards 1.61 – 1.62

Elliott Wave Update: EURAUD Aiming Towards 1.61 – 1.62

Elliott Wave Financial Service
By Elliott Wave Financial Service

AUD may stay weak, if we consider a bullish continuation on EURAUD for wave C within a big expanded flat correction. That said, seems like EURAUD is trading in an impulsive five-wave rise back to a previous wave A swing high to complete a big expanded flat correction, so more upside in view towards 1.61 – 1.62 area, while it’s above 1.5770 invalidation level.

EURAUD, 4h

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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