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AUDUSD, Elliot Wave Analysis

3/30/2023 10:20 AM

Growth is possible.

On the daily chart, the first wave of the higher level (1) formed, a downward correction ended as the second wave (2), and the development of the third wave (3) started. Now, the entry first wave of the lower level i of 1 of (3) has formed, a local correction has ended as the second wave ii of 1 of (3), and the development of the third wave iii of 1 of (3) has started, within which the wave (ii) of iii is ending. If the assumption is correct, the AUD/USD pair will grow to the area of 0.7164–0.7464. In this scenario, critical stop loss level is 0.6562.




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