FX.co ★ AUD/USD

In the currency market, regarding the AUD/USD pair, when analyzing on the lower time frame (H1 chart) and until the critical level of 0.71999 integrity is violated, the "extended flat" scenario is considered a priority. This scenario is viewed within the framework of a corrective ascending second wave and is based on a complex multi-timeframe analysis. The analysis includes: - Principles of Elliott Wave Analysis (EWA). - Dynamics of the MACD histogram (Moving Average Convergence Divergence indicator). - Positioning of exponential moving averages with periods of 55, 89, and 144. - Probability assessment of technical and wave analysis models. In case of a breakthrough of the critical level of 0.71999, but with the integrity of levels 0.72709 or 0.72769 preserved, the bearish scenario will remain relevant and a priority, however, a corresponding adjustment of the wave labeling will be required.