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FX.co ★ Overview of AUD / USD for the week of June 25 via simplified wave analysis

Overview of AUD / USD for the week of June 25 via simplified wave analysis

Wave picture of the chart H4:

The vector to the short-term major Aussie trends is set by the downward wave of January 26. In a larger model, it takes the place of the final part (C), so the nature of the motion is close to the momentum.

Overview of AUD / USD for the week of June 25 via simplified wave analysis

The wave pattern of the graph H1:

The wave pattern of this scale since May 9 shows a site that completes a hidden bull correction. Since the beginning of this month, the trend has changed to bearish. The final part (C) of the main trend wave began to form.

Overview of AUD / USD for the week of June 25 via simplified wave analysis

The wave pattern of the M15 chart:

In the unfinished wave of June 6, the whole past week, the price worked out an upward correction (B). The shelf of its completion will continue to decline.

Overview of AUD / USD for the week of June 25 via simplified wave analysis

Recommended trading strategy:

Sales can be recommended to supporters of intra-day and inter-day trading. On larger TFs, you must wait for the current bearish wave to end.

Resistance zones:

- 0.7470 / 0.7520

Support zones:

- 0.7250 / 0.7200

Explanations to the figures: In a simplified wave analysis, waves consisting of 3 parts (A-B-C) are used. For analysis, 3 main TFs are used, on each one the last, incomplete wave is analyzed. Zones show the calculated areas with the greatest probability of a turn.

Arrows indicate the wave counting according to the technique used by the author. The solid background shows the generated structure, the dotted - the expected movements.

Attention: The wave algorithm does not take into account the duration of the tool movements in time. To conduct a trade transaction, you need confirmation signals from your trading systems!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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