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Elliott Wave Analysis: AUDUSD Trading Higher

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AUDUSD is making an intra-day rally away from 0.7802 level, where sub-wave iv of 3 had potentially ended. If that is the case, the final wave v of three is in motion, that can search for a top around the upper two channel lines. Once the lower channel line gets taken out, a new three wave reversal into black wave 4 can come in play.

AUDUSD, 1H

Author: Elliott Wave Financial ServiceWebsite: http://www.ew-forecast.com/
Elliott Wave Financial Service
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