AUD/USD and NZD/USD in for a minor pullback - Elliott Wave

Gregor Horvat Wavetraders

Hello fellow traders,

AUDUSD can be making a flat correction, with current leg c looking for support, and bounce near the 0.685/0.683 region. NZDUSD can also be in a three-wave flat correction, ideally with wave c taking price lower for a temporary decline. Potential support/bounce for the kiwi is near 0.638/0.636 region.

AUDUSD, 1h

NZDUSD, 1h

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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