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Old 04-02-2021, 06:35
MikhailLF MikhailLF is offline
Level V Lasers Member
Join Date: Sep 2017
Posts: 795
Default Re: Forex News Analysis by LiteForex

AUD/USD: wave analysis

The pair is in a correction and may grow.

On the daily chart, the first wave of the higher level (1) of C develops, within which the third wave 3 of (1) formed. Now, a local correction is developing as the fourth wave 4 of (1), within which the wave c of 4 forms. If the assumption is correct, after the end of the correction, the pair will grow to the levels of 0.79000.8100. In this scenario, critical stop loss level is 0.7503.

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