AUDUSD H8 Elliott Principle (Important Area)

- Elliott Wave provides the highest probability of the price movement and Fibonacci levels is the math basis for the Elliott Wave Theory. Both waves impulsive and corrective, follow to specific Fibonacci proportions.

- A sustained move over 0.63137 will indicate the presence of buyers. This could trigger a rally into a cluster of potential resistance levels including 0.63800, 0.64400, and 0.66200.