audusd ....
The Australian dollar strengthened after the fall of covid 19 in the form of abc wave
Now on the monthly chart
Has hit the trend line and corrected
In the weekly chart, the Australian dollar has risen by 4 waves
Inflation in the United States broke its 30-year record in the steppe
This could lead to changes in the central bank's expansionary monetary policy, which we published in the dollar index chart a few weeks ago
Also, because the Australian dollar is a commodity-based currency, commodities need at least a 20% price correction.
Gold Copper Iron Ore .... All have completed their 5 short wave cycle
Therefore, the reform of the Australian dollar is not far from the set points
Now on the monthly chart
Has hit the trend line and corrected
In the weekly chart, the Australian dollar has risen by 4 waves
Inflation in the United States broke its 30-year record in the steppe
This could lead to changes in the central bank's expansionary monetary policy, which we published in the dollar index chart a few weeks ago
Also, because the Australian dollar is a commodity-based currency, commodities need at least a 20% price correction.
Gold Copper Iron Ore .... All have completed their 5 short wave cycle
Therefore, the reform of the Australian dollar is not far from the set points
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.