AUD/USD Into A Pullback – Elliott Wave Analysis

AUD/USD started turning down from the latest 0.657 high, indicating that a five-wave recovery in higher degree wave A)/1) is completed, and that a three-wave pullback for a wave B)/2) is underway. As such, further weakness may be seen into 0.624 first possible support zone, or deeper (0.616/0.59 region), before bulls again take control.

audusd, 4h

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