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  • Forex Analyst

AUDUSD Elliott Wave Charts

Aud/Usd 1 Hour Chart

Tuesday, 24 November 2020 at 09:14 GMT

AUDUSD can reach 0.738/0.746 possible resistance region.


Aud/Usd 4 Hour Chart

Wednesday, 25 November 2020 at 07:00 GMT

Aussie can be rallying in a five-wave move, labelled as a higher degree wave 1, up from 0.699 level. At the moment we see sub-wave 5) of 1 underway, which can look for resistance at the 0.738/0.744 region. That said, once sub-wave 5) of 1 fully develops, a temporary pullback as wave 2 may start to form.


Aud/Usd Daily chart

Nov 22 2020

AUDUSD is in uptrend away from March low, move that is expected to resume after recent corrective set-back that can be already finished after recent turn up from the important 0.699 support. If price would suddenly turn back below 0.699 then we will look for deeper wave II/B towards 0.6750 support.

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