AUDUSD, To Complete Broadening-Wedge And Point Target!

Hello,

Welcome to this analysis about AUDUSD and the 4-hour timeframe perspectives. When looking at my chart we can watch there how AUDUSD is building this huge broadening-wedge-formation in the structure marked with the blue boundaries. Besides that AUDUSD has begun with this major wave-count to the upside and the wave-A already established. The wave-B is now consisting of the broadening-wedge-formation and also a coherent local wave-count within this formation which already completed from A to C. Now AUDUSD is building up above the 100-EMA in red and the 200-EMA in cyan, above these levels AUDUSD is forming this confirmational-flag-formation. Once this formation completed with a breakout to the upside and AUDUSD continues to breakout above the upper-boundary of the broadening-wedge-formation this will complete the whole formation and AUDUSD will continue with this dynamic to reach out the target-zone marked in my chart, after that the situation needs to be assessed anew, it will be an important development ahead.

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Comment:

ANALYSIS UPDATE: AUDUSD accelerated the broadening wedge dynamics to increase with the momentum reaching all of the projected target zones.