Elliott Wave Forecast Team
ElliottWave-Forecast.com
As expected, AUDUSD fell to a new low of the year last at the start of the month after we recognized a sideways price action which was wave four. After wave four you will see wave 5, which means that an impulse from 0.9500 is probably done, so traders must be aware of a new rally but of a larger degree, possibly even back to 0.8900. Ideally that will be wave B) correction, now already in progress with its three legs.
AUDUSD Daily Elliott Wave Analysis
AUDUSD Daily Elliott Wave Analysis
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