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HomeContributorsTechnical AnalysisAUD/USD Has Strong Support at 0.7360

AUD/USD Has Strong Support at 0.7360

Elliott Wave Financial Service
By Elliott Wave Financial Service

AUDUSD is not really clear at the moment; bulls are still struggling after reaching a low last week at 0.7400.

We see slow price action now so I am considering another wave count; an ending diagonal where the final leg is missing, but it may cause a strong bounce after that fifth wave drop. Support is then around 0.7360.

AUD/USD 4h Elliott Wave analysis chart

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