(AUD | USD) Forex Trading Analysis Today Forex Forecast | MAR 26, 2023 | AUDUSD Analysis

Forex Trading Analysis

Hello Guys today is Tuesday, March 26, 2024, I am going to analyze AUD USD currency pair let us start the top-to-bottom Eliot wave analysis inside the daily time frame the trend is down in the audusd currency pair daily time frame resistance is present at 0.6870$ price level price action is most likely going to rise to print bullish Wave Y double zigzag leg which is going to complete overall bullish wave B pullback next I expect a top and a drop to print bearish WC zigzag corrective leg Inc coming trading days decisive bullish breakout above 0.6870$ resistance area is going to end downtrend in the daily chart of audusd currency pair

At the 4Hour time frame price action manages to break below the most recent swing low to me AUD USD pair Trend looks like Side based on the 4Hour time frame

In a 1-hour time frame the trend is up in 1-hour chart intraday support is present at the 0.659$ price level price action is most likely going to drop to print bar wave two pullbacks and then rise to print bullish wave three impulse leg which offers the chance to join an uptrend in audusd decisive bearish break below 0.659$ support level is going to end up Trend in the 1-hour chart of the Australian dollar versus the United States dollar currency pair

The green color highlighted area offers the buying opportunity which is the previous the second wave of one lesser degree do not jump into the market with a big trade wait for a bullish break Che out first take note you must always trade with money management rules to control risk