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AUDUSD, Elliot Wave Analysis
11/2/2022 11:34 AMA fall is possible.
On the daily chart, the first wave of the higher level (1) ended, and a downward correction forms as the second wave (2), within which the wave C of (2) develops. Now, the third wave of the lower level iii of C is developing, the wave (iii) of iii has formed, and a local correction has ended as the wave (iv) of iii. If the assumption is correct, the AUD/USD pair will fall within the wave (v) of iii to the area of 0.6091–0.5900. In this scenario, critical stop loss level is 0.6540.
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