AUD/USD Short Term Elliott Wave Analysis October 17, 2017
Elliott Wave Forecast | Oct 17, 2017 01:21AM ET
AUD/USD Short term Elliott Wave analysis suggests decline to 0.7731 ended Primary wave ((W)) on 10/6 low. Bounce in Primary wave ((X)) is proposed to be unfolding as a zigzag Elliott Wave structure . Down from 0.7897 high, Minor wave A is proposed complete at 0.7832. While Minor wave B bounce stays below 0.7897, pair should turn lower in Minor wave C of (X) to correct cycle from 10/6 low. Afterwards, as far as pivot at 10/6 low (0.7731) stays intact, expect pair to resume higher.
AUD/USD 1 Hour Elliott Wave Chart
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