AUD/USD Analysis With An Elliott Wave And Triangle Pattern
The above chart is an incremental trend, in which I have applied the Elliott wave pattern to get the levels. At the end of the major support, it's making an ascending triangle. That, I have described in detail in the above chart.
The trend is crossing the upper trendline of the triangle. It will fall from around 0.7300. If there will be a situation of continuous fall, and it falls up to 0.7100, then the targets will be (0.7000-0.6960).
But if there a reversal and with the help of support trendline trend rises, then it will knock the targets (0.7336 - 0.7400).
The trend is crossing the upper trendline of the triangle. It will fall from around 0.7300. If there will be a situation of continuous fall, and it falls up to 0.7100, then the targets will be (0.7000-0.6960).
But if there a reversal and with the help of support trendline trend rises, then it will knock the targets (0.7336 - 0.7400).