Possibly the Australian dollar against the American dollar has a fall because it has 4 confirmations:
• Wyckoff Accumulation
• Butterfly harmonic pattern
• Rising wedge
• Reaction of an Order Block in 4h
The first three factors tend to reverse the trend or set the tone for a new trend, which in this case would be bearish apart from the fact that in elliot waves the rising wedge marks the end of a wave, whether it is "1", "5" or "C" wave.
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