Hi Traders,
The AUDUSD (now at 0.7038) entered the target area 0.700-0.756 (see monthly, weekly and daily charts). It might top soon and temporarily reverse to the area 0.67-0.65.
ELLIOTT WAVES
The monthly, weekly and daily charts show the upper target area at 0.700-0.756.
The 4-hours chart reveals that the whole set of main waves and sub-waves is practically complete.
Note the last channel in the 4-hours chart and in the 1-hour chart: The show 4 or more contact points, meaning that a reverse is imminent.
However, be aware that the AUDUSD might attempt one last flicker to 0.71 before reversing to the area 0.67-0.65.
Monthly chart. Click to enlarge
Weekly chart. Click to enlarge
Daily chart. Click to enlarge
4-hours chart. Click to enlarge
1-hour chart. Click to enlarge
The AUDUSD (now at 0.7038) entered the target area 0.700-0.756 (see monthly, weekly and daily charts). It might top soon and temporarily reverse to the area 0.67-0.65.
ELLIOTT WAVES
The monthly, weekly and daily charts show the upper target area at 0.700-0.756.
The 4-hours chart reveals that the whole set of main waves and sub-waves is practically complete.
Note the last channel in the 4-hours chart and in the 1-hour chart: The show 4 or more contact points, meaning that a reverse is imminent.
However, be aware that the AUDUSD might attempt one last flicker to 0.71 before reversing to the area 0.67-0.65.
Monthly chart. Click to enlarge
Weekly chart. Click to enlarge
Daily chart. Click to enlarge
4-hours chart. Click to enlarge
1-hour chart. Click to enlarge
