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ew-forecast

AUDUSD Trading Towards 0.7460-0.7500 Area

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
ew-forecast  
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD Elliott Wave correction motive
8
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audusd elliottwaves correction motive
AUDUSD has turned lower at the start of the week, but only temporary into a sharp wave (iv) that now appears completed, so uptrend may continue into wave (v) towards 0.7460-0.7500 area. In that zone pair may slow down as five wave recovery from 0.6935 will then be in final stages so we will be looking for a minimum three wave set-back.

Link to our previous updates on this pair :
AUDUSD : Correction Within Uptrend
Elliott Wave Service
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