The Hourly chart of AUD/USD has completed the downtrend by forming a double bottom pattern.
It has broken out above the resistance.
Also the pair is forming a elliot wave and it is currently in the 3rd wave.
There will be a small corrective rally which will be the 4th wave and this will be a good entry opportunity for buyers.
As per our analysis,we expect the pair to head towards the target of 0.74532.
It has broken out above the resistance.
Also the pair is forming a elliot wave and it is currently in the 3rd wave.
There will be a small corrective rally which will be the 4th wave and this will be a good entry opportunity for buyers.
As per our analysis,we expect the pair to head towards the target of 0.74532.