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AUDUSD May Reach 0.9205 Before Turning Lower: Elliott Wave Forecast

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

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