AudUsd Mid-term Analysis
The price, which broke the main resistance level after the FED's rate cut that exceeded expectations, has retested the broken resistance level today, turning it into a support level. In the main trend movement, we expect the price to complete the Elliott 3rd wave around the 0.7000 level. Afterward, we anticipate a corrective drop to the main support level of 0.68, followed by another rise for the 5th wave.
For more detailed information, you can check our DXY analysis.
For more detailed information, you can check our DXY analysis.
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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.