ElliottWavePro

AUDUSD - another bearish impulse

FX:AUDUSD   Dollar Australia / Dollar AS
M180. It’s possible that wave v of (iii) has been started. In this case, bears are going to deliver a new local low in the short term.

M30. Wave iv may have been ended in the form of a double zigzag. In this case, we’re going to see an impulse on an ending diagonal in wave v of (iii) soon. However, the price hasn’t reached the 38,2% retracement of wave iii, so the option to have a quite bigger wave iv is still on the table.

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