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TimeWaveTrading
Sep 13, 2022 7:22 AM

AUDUSD update 

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD can be in two cases.

First, if DXY is a weekly correction process, a weekly rising wave will come out, so AUDUSD can end the running flat correction with (X) moving downward and a weekly falling wave can come out.

Second, if DXY is expanded to the monthly correction process, AUDUSD must also go through the monthly correction process, so it will be a regular flat pattern with a large W-X-Y structure of the weekly bullish pattern.

AUDUSD is worth looking up and down with the blue support line drawn at the top of the chart. This blue support line can be a very strong resistance and support line.
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