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EURUSD and AUDUSD Intraday: Elliott Wave Analysis

No change on EURUSD for now. We see higher price for wave (c) towards 1.1310 resistance where pair can turn south again, unless that's a triangle in fourth wave still unfolding. Second resistance is at 1.1360.

EURUSD 30min Elliott Wave Analysis

EURUSD 30-minute Elliott Wave Analysis Chart

AUDUSD is lower today, but it can be wave c of (d) that is now trading at 61.8% Fibonacci level compared to wave (b). That's ideal Fibo zone so ideally market will bounce up in (e), for final subwave within wave 4. We are looking at 0.7150 and 0.7180 as technical levels for possible turn down in the next 24-48 hours.

AUDUSD 30min Elliott Wave Analysis

AUDUSD 30-minute Elliott Wave Analysis Chart

 


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