The pair is expected to decline

The final fifth wave 5 of (3) continues to form. Presumably, the wave of junior level v of 5 is developing within it. If this assumption is correct and the price does not break the critical level 0.7678, the pair will continue to drop to the levels 0.7480-0.7400.

Trading tips

Sell the pair from corrections below a level of 0.7678 with the targets at 0.7480-0.7400.

 Alternative scenario:

Breakdown and consolidation above a level of 0.7678 will allow the pair to continue the rise up to the levels of 0.7858-0.7910.

 

AUD/USD: wave analysis

AUD/USD: wave analysis




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