AUD/USD Wave analysis
The counter is in a long-term bear cycle.
It plunged to 0.69000 during the wave 3 move and recovered a bit, then consolidated.
The consolidation was in the form of a triangle, which is a typical phenomenon of wave 4.
Now, the pair has resumed its bearish trend move.
Also, the fundamentals are poised for a bearish outlook as well.
Hence, we expect the pair to move south from here.
It plunged to 0.69000 during the wave 3 move and recovered a bit, then consolidated.
The consolidation was in the form of a triangle, which is a typical phenomenon of wave 4.
Now, the pair has resumed its bearish trend move.
Also, the fundamentals are poised for a bearish outlook as well.
Hence, we expect the pair to move south from here.
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