Elliott Forecast For AUDUSD: Correction Could Be Near Completion

AUDUSD is in a bearish reversal mode since last Friday when market completed a five wave recovery at 0.9528. As such, the contra-trend reaction has unfolded in three waves which has been expected as this is the minimum substructure of a corrective movement. Notice that now we have three waves down,

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AUDUSD: Three Waves Up Could Bet A Correction-Don’t Be Surprised By Bearish Trend

AUDUSD 4h Elliott Wave Analysis AUDUSD moved through 0.9230 swing high from Aug 19th that caused an extension up to 0.9353 from where pair reversed nicely in this