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H4 Market Chart 1 min read

AUDUSD Technical Analysis: Does Elliott Wave Theory Point to a New High?

The corrective movement observed in AUDUSD over the past weeks appears to have concluded at a critical support zone with the completion of the (W)-(X)-(Y)...

AUDUSD Technical Analysis: Does Elliott Wave Theory Point to a New High?
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The corrective movement observed in AUDUSD over the past weeks appears to have concluded at a critical support zone with the completion of the (W)-(X)-(Y) pattern. A strong bounce from the Fibonacci 0.618 (0.68301) level indicates renewed buyer interest. Our current strategy is focused on the continuation of the upward breakout. Following a potential retest at the 0.70200 level, targeting 0.72000 remains our primary scenario. Subscribe to our newsletter to stay ahead of these professional setups!

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