• 8 hours Is This The Big Biotech Bust?
  • 14 hours Funding Is The Biggest Hurdle For Clean Energy
  • 1 day Walmart Reaches Out To Chilean Government For Protection
  • 1 day The Most Exciting Gold Find Of The Decade
  • 2 days Mining Boom Sparks Deforestation Concerns
  • 2 days The Cannabis Culling Has Wall Street Disappointed
  • 3 days Vigilante Offers $100,000 Bounty To Hack Banks
  • 3 days The Dairy Industry Is Dying
  • 4 days The Most Impressive Electric Vehicle Of The Year
  • 5 days Gold Miners Are Having A Stellar Second Half
  • 5 days How 3D Printing Is Turning Each And Every Industry On Its Head
  • 6 days Is The $3.5 Trillion Healthcare Industry About To Get Much More Transparent?
  • 6 days Gamblers Are Betting Big On Trump’s Impeachment
  • 7 days Even Banks Can't Answer Aramco's Trillion Dollar Question
  • 7 days Will Bezos Buy The Seattle Seahawks?
  • 8 days 6 Tech Trends Transforming The Travel Industry
  • 8 days Ousted Uber CEO Cashes Out $500 Million In Stock
  • 8 days Trump Prepares For Another Key Tariff Decision
  • 9 days The Free Money Bubble Is About To Burst
  • 9 days The Crushing Reality Of Poverty In America
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

AUD/USD Short-Term Elliott Wave Analysis

Short term Elliottwave view suggests that decline to 0.723 ended wave (Y). Wave (X) bounce from this level is unfolding as a FLAT structure where wave A ended at 0.7439, wave B ended at 0.7214, and wave C of (X) is proposed complete at 0.7409. The pair is currently expected to resume decline to new low or at least pullback in 3 waves to correct the rally from 0.7214 towards 50 - 61.8% retracement at 0.728 - 0.731.

From 0.7409, the pair made the first leg of the decline to 0.732, ending wave a. The second leg wave b bounce is currently expected to complete at 0.7374 - 0.7387. As far as price stays below 0.7409 holds, the pair is expected to resume lower at least for another leg.

AUD/USD Short-Term Wave Analysis Chart
Larger Image

 


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.

 

Back to homepage

Leave a comment

Leave a comment