The pair is expected to grow.

Supposedly, the third wave of senior level 3 has started to form. Apparently, the first wave i of 3 is forming locally with the third wave of junior level (iii) of i of 3 forming within. If this assumption is correct and the price does not break the critical level 0.7594, it's logical to expect the pair to continue rising to the levels 0.7930–0.8160.

Trading tips

Buy with targets at 0.8060-0.8160 once a level of 0.7780 is broken.

Alternative scenario

Breakout and consolidation below the level of 0.7594 will allow the pair to continue declining to a level of 0.7500.

 AUD/USD: wave analysis

AUD/USD: wave analysis

The material published on this page is produced by LiteForex and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Follow us in social networks!
Live Chat
Leave feedback