Hoag
Long

AUDUSD Elliottwave Technical Analysis

FX:AUDUSD   Australian Dollar/U.S. Dollar
Talking Points:

  • AUDUSD Technical Strategy: Temporary Bullish
  • ]Elliottwave Count: We are expecting another leg up in coming week before downtrend resume.

AUDUSD's price action looks corrective and expected to trade higher in coming week toward 7400 area, but on hourly chart, we are expecting correction and expected to drop to 7200 area before wave (b) can be mark complete and look for long opportunity.
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