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AUDUSD Forex Elliott Wave  1 - 4 hr  9 June 2021

AUDUSD Forex Elliott Wave 1 - 4 hr 9 June 2021


AUDUSD Forex Elliott Wave  1 - 4 hr  9 June 2021

Aud/Usd 1  Hour Chart
Wednesday, 09 June 2021 at 07:25 GMT

Aussie is almost unchanged since yesterday despite the recent announcement that RBA is set to begin to "dismantle" its QE program in July. Technically speaking we see bullish pattern on hourly chart after that five waves up from 0.7643 for A), so more upside will be expected after current wave B) pullback. Ideally, pair will be around 0.78 by the end of the week.

Aud/Usd 4 Hour Chart
Wednesday, 09 June 2021 at 06:40 GMT

No change.
AUDUSD is still slow and overlapping so we are seeing pair in a consolidating phase; ideally it's a complex correction which can be now a triangle or maybe even flat if we consider that first two legs; waves B and A unfolded in three waves. That been said; be aware of more sideways or even slightly bearish price action before market may finally break out of a consolidation. 

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