AUD/USD Elliott Wave Analysis
AUD/USD is a commodity currency pair correlated with iron ore prices and Chinese economic data. It is a popular pair for swing trading due to clear technical structures.
AUDUSD Elliott Wave: Bounce Into 0.705 Is Not a Reversal
AUD/USD forms textbook Elliott Wave patterns due to strong trend tendencies. Wave counts tend to be clean on the daily chart. Commodity cycle alignment adds an extra layer of confluence.
Key levels at 0.6500, 0.6800, 0.7000, 0.7200. Highly correlated with copper and iron ore futures.
AUD/USD wave analysis works best when combined with commodity market context. A bullish wave count on AUD/USD should align with bullish commodity prices.
H4 Wave Count
4-hour timeframe for precise entry timing
Daily Wave Count
Primary trading timeframe structure
Weekly Wave Count
Macro context and trend direction
Fibonacci Targets
Precise price targets from wave structure
Invalidation Levels
Exact price where the count is wrong
Alternative Scenario
What happens if the primary count fails
New to the method? Read the Elliott Wave forex guide or brush up terms in the Elliott Wave glossary.
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Updated before London open, every trading day. H4, Daily, and Weekly wave counts with precise Fibonacci targets.