AUD/USD Looks Bullish: Elliott Wave Analysis

might have completed a three-wave correction down from the highs, as we have seen an impulsive bullish turn from the 0.70 level. This rally is  a suggestion that an A-B-C move is completed, and a possible five-wave cycle underway. That said, price also broke slightly above the 0.719 bullish level, which can be another evidence that aussie can be turning bullish.


Be aware of temporary pullbacks within a new bullish cycle; wave 2 can alreday be here and looking for support and a turn at the Fib. ratio of 50.0 or 61.8 (0.71/0.708 area).

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