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AUDUSD, Elliot Wave Analysis
8/4/2022 11:08 AMA fall is possible.
On the daily chart, the first wave of the higher level (1) of C developed, and a downward correction forms as the wave (2) of C, within which the wave C of (2) forms. Now, the third wave of the lower level iii of C has formed, and a local correction has ended as the fourth wave iv of C. If the assumption is correct, the AUD/USD pair will fall within the wave v of C to the levels of 0.6600–0.6450. In this scenario, critical stop loss level is 0.7044.
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