Update on AUD/USD
As you can see, AUD/USD finished 5 waves up although wave 5 was lagging and couldn't break wave 3. But what's interesting is that the ABC correction retested the previous wave 4 and couldn't break it. We know by now that not breaking the previous wave 4, which is a very critical support level, will push AUD/USD for a new impulsive wave to the upside.
Also if you look at my previous analysis, the DXY also retested the previous wave IV of 3, thus giving us an amazing opportunity to buy back all major currencies such as AUD, GBP, EUR, and others...
Also if you look at my previous analysis, the DXY also retested the previous wave IV of 3, thus giving us an amazing opportunity to buy back all major currencies such as AUD, GBP, EUR, and others...
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Related publications
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.