AUDUSD - E Wave Looks Complete - Cash Rate Meeting Ahead

Here in Australia they are trying to devalue the Aussie Dollar well at least that is what the narrative is.

This has been tipped to drop as per my previous related ideas below.

Blue wave 2 and 4 is an extreme example of alternation in play.

Blue Wave 5 in an ending diagonal with some overthrow but looking complete with a shooting star on top.

A break of the magenta line will confirm that E Wave and the larger correction is complete.

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Komentarz:

Looks like a bit of indecision at the top so a 1-2 triangle should resolve that shortly favoring the downside.