Aussie Is Turning Bullish
Dec 14, 2022


Aussie is turning bullish, as we see it unfolding five waves up from the lows by Elliott wave theory.

Aussie is breaking higher after US CPI data, now coming out of a triangle as shown on the updated count so it appears that we have now five waves up from the low. That’s a change in trend, but we need to be aware of pullbacks and limited upside after the completion of a fifth wave, possibly at 0.69-0.70 area.

Aussie Is Turning Bullish AUDUSD 4H Chart

US recession can be avoided, but there’s still risk. Check our latest article HERE


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