AUD/USD is bullish – Elliott wave analysis [Video]

Gregor Horvat Wavetraders

We are obsrving two wave counts on Aussie, both bullish, but primary one suggests straight move to the upside into wave five, but only if we will get confrimation in the next few sessions. If we see a new sell-off by the end of the week, back below 0.7000 then pair is most likely in higher degree set-back; A-B-C as shown on count 2.

AUD/USD, daily (count #1)

AUD/USD, daily (count #2)

For more detailed AUDUSD outlook with some flashback charts please check the video below.

Author

Gregor Horvat

Wavetraders

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

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