Hello everyone! So, in the currency market, the pair AUD/USD on the higher wave level of the daily chart demonstrates the probability of ending the uptrend. Multitimeframe comprehensive analysis, including Elliott Wave Analysis, MACD histogram readings, as well as the positioning of exponential moving averages with periods of 55, 89, and 144, along with the probability of implementing technical and wave analysis models, indicates the primary scenario: the ascending wave structure Y(B)?(1) is completed. Therefore, a significant market decline is expected. An alternative scenario suggests the formation of an extension in the local fifth wave.
