The short-term Elliott Wave in AUDUSD suggests the pullback to 0.636 ended wave (2). The pair have turned higher in wave (3) with internal subdivision in 5 waves in a lesser degree. Up from wave (2), wave (i) ended at 0.6432, and a pullback in wave (ii) ended at 0.6407. The pair then extended higher in wave (iii) towards 0.655 and dips in wave (iv) ended at 0.6516. Final leg wave (v) higher ended at 0.6586 and this completed wave ((i)). The pullback in wave ((ii)) ended at 0.6464.

Up from there, wave (i) ended at 0.654, and a pullback in wave (ii) ended at 0.65. The pair resumed higher in wave (iii) towards 0.6647 and dips in wave (iv) ended at 0.662. The pair then extended higher 1 more leg in wave (v) to 0.6649 which completed wave ((iii)). The pullback in wave ((iv)) unfolded as a zigzag Elliott Wave structure. Down from wave ((iii)), wave (a) ended at 0.66, and wave (b) rally ended at 0.6644. The pair then extended lower in wave (c) towards 0.6657 which completed wave ((iv)). Near term, as far as a pivot on 4.19.2024 low at 0.636 stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.

AUDUSD 60 Minutes Elliott Wave Chart
 

AUDUSD Elliott Wave Video
 

Video Length: 00:07:01

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