The AUD/USD pair is moving in the C wave of the 4th order from 1.0377. It includes sub-waves A, B and C of the 2nd order. C goes from 1.0377. The wave also includes its sub-waves A and B of the 1st order, C goes from 1.0333. Lower targets provide correction grids of 1.0377-1.0145, expansion 1.0386-1.0145-1.0377, 1.0377-1.0289-1.0367, 1.0367-1.0231-1.0333.Support levels:
- 1.0249 = 61.8% expansion
- 1.0228-25 = accumulation of levels – 61.8% and 161.8% expansion
- 1.0197-95 = accumulation of levels - 100% expansion and 78.6% correction.
If the pair is to continue the upward movement, the nearest resistance levels will provide expansion grids 1.0044-1.0386-1.0145, 1.0145-1.0377-1.0231.
Resistance levels:
- 1.0374 = 61.8% expansion
- 1.0463 = 100% expansion
Direction of SELL-deals up to 1.0333
Wave levels (marking):
1st order (the lowest) – dotted line
2nd, 3rd order and higher – line weight 1, 2 etc.
2nd, 3rd order and higher – line weight 1, 2 etc.
The same is for Fibonacci grids.
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