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AUDUSD Elliott Wave Analysis: Uptrend Continuation

AUDUSD has turned bullish yesterday with accelerating price action through 0.9079 high. As such, decline down to 0.8888 level was wave c) as part of an expanded flat correction that can be wave (iv). Therefore, current leg up is a motive wave (v), final leg of a five wave rally from January low that can stop around 0.9140-0.9180 resistance area. A decisive rise through that zone will put alternate count in play (ALT on the chart).

AUDUSD 4h Elliott Wave Analysis

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