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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…

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$AUDUSD Elliott Wave Analysis

Preferred Elliott Wave count suggests that rally to 0.776 ended wave ((w)) and wave ((x)) pullback is proposed complete at 0.7673. Rally from there is unfolding as a double three and there's enough number of swing to call wave "w" completed although a marginal high still can't be ruled out towards 0.774 area. Pair is expected to pullback in wave "x" soon, and as far as the pullback stays above wave ((x)) at 0.7673, expect further continuation higher. We don't like selling the proposed pullback.

AUD/USD Short-Term Elliott Wave Analysis Chart
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