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AUD/USD Intra Day Elliott Wave Analysis For October 19

Published 10/19/2017, 12:18 AM
Updated 03/09/2019, 08:30 AM

AUD/USD Short Term Elliott Wave view suggests that Primary wave ((W)) ended at 0.7731 on October 6th low. Up from there, Primary wave ((X)) is currently unfolding as a double three Elliott Wave structure. Intermediate Wave (W) of ((X)) ended at 0.7807 and Intermediate wave (X) of ((X)) ended at 0.7815. Near term, while pullbacks stay above 0.7815, but more importantly above 10/6 low at 0.7731, expect pair to extend higher. At this stage, pair still needs to break above Intermediate wave (W) at 0.7815 to give more validity to this view. Until then, we can’t rule out a double correction in Intermediate wave ((X)).

AUD/USD 1 Hour Elliott Wave Chart

AUDUSD Oct 19


ew cycle

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