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HomeContributorsTechnical AnalysisAUDUSD in a Three-Wave Bearish Move - Elliott Wave Analysis

AUDUSD in a Three-Wave Bearish Move – Elliott Wave Analysis

Elliott Wave Financial Service
By Elliott Wave Financial Service

AUDUSD looks to have found a top at the 0.706 level, from where a new decline started forming. This decline is sharp and firm, and can be part of a minimum three-wave reversal. That said, be aware of pullbacks as part of a reversal. Also, a break of 0.668 level would confirm further weakness.

AUD/USD, 4h

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