AUD/USD is unfolding a bigger bullish leg, with three bigger sub-waves already completed. We now see price trading in final stages of a wave 4) correction, which is already touching some turning point zones (former swing low of wave 4 and Fibonacci ratio of 38.2) where both can act as support and push prices higher. That said, final wave 5) is in view.
AUD/USD, 4H
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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