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Elliott Wave Analysis: AUD/USD Intra-day View

Elliott Wave Financial Service
By Elliott Wave Financial Service

The USD NFP report caused some choppy price action since Friday when dollar moved lower and then recovered against the majors. So this unclear direction suggest that we shall stay unchanged regarding the wave counts, and corrective price action can be happening here.The first market I am looking at today is AUDUSD which came down nicely from the high; so far in three legs so we may see a new turn up this week to 0.7300, while market is trading above 0.7175 invalidation mark.

AUDUSD, 1h

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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