HomeContributorsTechnical AnalysisElliott Wave Analysis: AUDUSD Undergoing A Three Wave Reversal Lower

Elliott Wave Analysis: AUDUSD Undergoing A Three Wave Reversal Lower

Elliott Wave Financial Service
By Elliott Wave Financial Service

AUDUSD made a sharp and strong recently, which we now see it as a start of a three wave reversal lower. This sharp reversal also suggests that a bigger correction within black wave IV is completed and that more weakness may follow. At the moment we see black wave A/1 in action, that can search for support around 0.7537 level.

AUDUSD, 4H

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