AUDUSD Trading Higher

Gregor Horvat Wavetraders

AUDUSD is making an intra-day rally away from 0.7802 level, where sub-wave iv of 3 had potentially ended. If that is the case, the final wave v of three is in motion, that can search for a top around the upper two channel lines. Once the lower channel line gets taken out, a new three wave reversal into black wave 4 can come in play.

AUDUSD, 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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