AUDUSD – Wave Analysis OutlookAUDUSD continues to unfold within a broad corrective structure, and current price action leaves room for two key scenarios.
Primary View (Blue W–X–Y):
The recent swings suggest the pair is developing a W–X–Y corrective pattern in blue. If this count holds, price could extend higher toward the 0.6750 – 0.6800 region, which aligns with Fibonacci projections where the correction may eventually complete before the broader downtrend resumes.
Alternative View (Expanding Triangle in Wave X):
Another possibility is that wave X is evolving into an expanding triangle. In this case, price may continue to alternate in wider swings (A–B–C–D–E) before breaking out into the next leg. The triangle invalidation level sits at 0.6417—a break below this would negate the structure and open the door for further downside.
👉 For now, I’ll be watching for buy setups if price consolidates at current levels, targeting the higher Fibonacci zones (0.6750–0.6800).
⚠️ Disclaimer: This outlook is based on my personal wave analysis and shared for educational purposes only. It is not financial advice.
