Not like EURUSD, AUDUSD is not yet in the most impulsive phase at this time. Therefore, it has the most room to run to target a wave 5 rally. Near term though, it is a bit tricky. The rally failed late Friday. It could mean either an expanding wave 3 or a complex a wave 2 triangle.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.