(AUD | USD) Forex Trading Analysis Today Forex Forecast | July 20, 2023 | AUDUSD Analysis

Forex Trading Analysis

I am going to analyze AUD USD currency here let us start the top to bottom Elite wave analysis inside daily time frame the the trend is up in AUD USD currency pair daily time frame support is present at0.65 94 price level price action is most likely going to move sideways to complete bearish with B triangle Elliott wave pattern after that I expect bullish wave C zigzag corrective lag incoming trading days uh decisive bearish break below 0.6594$ support area is going to end up Trend

Four hour time frame price action manages to breaks below the most recent showing load to me AUD USD pair Trend looks sideways in four-hour time frame next let us take a look at one hour's time frame the trend is down in one hour chart intraday resistance is present at 0.6894 price level price action is the most likely going to drop to print bearish waves exact corrective leg which offers a chance to join the downtrend in AUD USD pair a decisive bullish breakout above 0.6894 resistance level is going to end the downtrend in one hour chart of Australian dollar versus

United States dollar currency pair to be more specific the radical or highlighted area offers a selling opportunity which is the previous fourth wave unless a degree do not jump into the market with a sell trade waits for a bearish breakdown first take notes we must always trade with money management rules to control risk