(Time Wave Analysis) AUDUSD update
AUDUSD seems to have failed the weekly correction of the downtrend. Since the revesal pattern has occurred, I expect AUDUSD to continue its short-term uptrend.
Because AUDUSD is still trapped within the monthly correction trend line of the downtrend.
A weekly correction can occur at any time.
However, the daily, weekly correction trend line of the upward wave is drawn below, and the bottom floor can be the starting line of the new monthly correction trend of the upward wave.
Therefore, these support lines will need to be broken to convert into a bearish trend.
good luck.
Because AUDUSD is still trapped within the monthly correction trend line of the downtrend.
A weekly correction can occur at any time.
However, the daily, weekly correction trend line of the upward wave is drawn below, and the bottom floor can be the starting line of the new monthly correction trend of the upward wave.
Therefore, these support lines will need to be broken to convert into a bearish trend.
good luck.