Elliott Wave Analysis: Bears Taking Over AUDUSD

AUDUSD made a sharp reaction up to 0.8100 recently, but not to a new high, so rally was seen as part of a corrective wave 2). In fact, market made a sharp and strong drop through wave 1) low and confirmed that market is within red wave 3) that hit first projected target at 0.7830 region, but there is room for 0.7750 now.


Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.