Elliott Wave Analysis: AUD/USD Can Turn Bullish Around The 0.696/0.692

AUD/USD can still be trading in final stages of a higher degree C of B), with possible support and turning point zone around the Fibonacci ratio of 50.0 or 61.8 (0.696/0.692 area). Specifically we see slow and choppy price activity ending within the current fall from the 0.7205 level, which can be a minor pause within wave C, so be aware of one more leg lower, before a low can be seen, and a recovery may follow.AUD/USD, 4h

audusd, 4h

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