Australian dollar / US dollar
The pair entered a sideways rally inside an upside channel, after breaching an inverted head and shoulders pattern, forming a side channel between the resistance level at 0.7800 and the support level at 0.7700 in more than three touches of these levels, which had pushed the price once down and once up.
The pair is currently inside the fourth wave of an impulsive Elliott wave
Will the pair succeed in breaking the 0.7800 level to complete the fifth wave, or will it be a broken wave that promises negativity for the pair ??
It will be updated after a hack or a break
The pair entered a sideways rally inside an upside channel, after breaching an inverted head and shoulders pattern, forming a side channel between the resistance level at 0.7800 and the support level at 0.7700 in more than three touches of these levels, which had pushed the price once down and once up.
The pair is currently inside the fourth wave of an impulsive Elliott wave
Will the pair succeed in breaking the 0.7800 level to complete the fifth wave, or will it be a broken wave that promises negativity for the pair ??
It will be updated after a hack or a break
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