Elliott Wave Analysis: AUDUSD Trading Bearish

Dolar Australia / Dolar A.S. (FX:AUDUSD)

FX:AUDUSD Dolar Australia / Dolar A.S.

audusd elliottwaves correction impulsive

AUDUSD is on bearish foot this week with some nice bearish structure seen on intraday chart that looks impulsive. As such, we expect a new low soon, probably today to accomplish blue wave one near 0.7350. We will look towards that level as long as 0.7445 is not broken.

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

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