EURAUD currency pair is making a higher degree wave (A)-(B)-(C) corrective rally after completing the leading diagonal at 1.43 area in summer 2022. By reaching projected August 2021 resistance within a five-wave cycle for wave (C), a bearish reversal can be near, however, confirmation is only below channel support line and 1.5844 level.
![EURAUD Is Looking For Strong Resistance Daily Chart](https://cdn1.wavetraders.com/wp-content/uploads/2023/05/d-euraud-may-08-2023.png)
![EURAUD Is Looking For Strong Resistance Monthly Chart](https://cdn1.wavetraders.com/wp-content/uploads/2023/05/euraudW.png)
Crude Oil Is Nearing Temporary Support. Check our free chart HERE