AUDUSD has room for a limited upside: Elliott Wave analysis
Aussie came higher few weeks back but notice that recovery on 4h chart from 0.6967 is not impulsive, but rather a complex correction that can be incomplete if we consider the recent rally out of a downward corrective channel connected from 0.7446.
Notice that drop was in three waves, ideally wave B) so more upside can be seen now, even if just short-term back to 0.7450/0.75 area from where we would expect another limited upside, and shift to a bearish trend.
AUDUSD 4h Elliott Wave Analysis
