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TimeWaveTrading
Dec 1, 2021 12:00 PM

(Time Wave Analysis) AUDUSD update 

Australian Dollar/U.S. DollarFXCM

Description

I expect AUDUSD to hit the 0.7 line and rebound in a weekly correction pattern.
AUDUSD is still trapped within the daily correction trend line of the downtrend.
To convert to an uptrend, a daily correction trend line must be created and then break above this line.

The current pattern appears to be a correction pattern, and once it is finished, it should be noted that a daily downtrend may appear again.

good luck.
Comments
JoeChampion
Nice, TY
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