ew-forecast

Elliott Wave Analysis: AUDUSD Trading In A Temporary Correction

FX:AUDUSD   Dollar Australia / Dollar AS
AUDUSD is trading in a correction of a higher degree, with current rally being part of wave C of 2). That said the mentioned bounce may find some resistance around the 0.7648 or if rally is stronger around the previous wave 2 at the 0.7684 level. Either way, we see this pair going to the downside in the next couple of days.

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