(AUD | USD) Forex Trading Analysis Today Forex Forecast | July 3, 2023 | AUDUSD Analysis

Forex Trading Analysis

I am going to analyze the AUD USD currency pair let us start the top-to-bottom Elite wave analysis inside the daily time frame the trend is down in AUD USD currency pair daily time frame resistance is present at 0.69 20 price level price action is most likely going to rise to print bullish with B pullback after that I expect bearish wave C zigzag leg which is also going to complete bearish Wave Y double zigzag black incoming trading days a decisive bullish breakout above 0.69 20 resistance area is going to random Trend in daily chart of AUD USD currency pair

let us take a look at our time frame price action is renting lower swing highs and lower swing lows to me AUD USD pair Trend looks down in the four-hour time frame

Next, let us take a look at one hour's time frame the trend is up in one hour chart into our daily support is present at 0.65 98 price level price action is the most likely going to drop to print bearish waves pullback after that I expect bullish Wave Y double zigzag like which offers a chance to join an uptrend in AUD USD pair this icps break below 0.6598 support level is going to end up trending in one hour chart of the Australian dollar versus the United States dollar currency pair to be more specific the green colo highlighted area offers a buying opportunity which is the previous wave B of one lesser degree take notes you must always trade with money management rules to control risk