AUDUSD is again at the lows but we see very slow and choppy price action at the lows so we suspect that wave B), which is a corrective leg, is still unfolding. A strong bullish divergence on the RSI support the idea that low, even if just temporary, is near. We are tracking a possible flat in wave B) with wave C in view that may reach 0.9205.
AUDUSD 4h Elliott Wave Analysis
Written by www.ew-forecast.com