Technical Analysis

Elliott Wave Analysis: AUDUSD Intraday View

Typography

On the AUDUSD count we see price currently undergoing an intraday rally, which we see it as unfolding sub-wave b as part of a three wave correction in wave 4. Well, if that is the case, then more weakness will follow from around the 0.77250 region and down into wave c of 4. But if price keeps going higher, then we could be already trading in wave 5.

AUDUSD, 1H

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Elliott Wave Forecast
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