AUDUSD EW Analysis, Wave IV triangle, (iii) of V underway
The AUDUSD has been correcting sideways for some time, forming a bearish expanding triangle wave IV. Now with the DXY turning bullish, clarified by the EURUSD, and with AUD news events turning the AUD down at the time of writing, I am convinced we are at the beginning of a swift third wave that could take the AUD as low as 0.7 to the USD.