On USDCHF we are looking at the very similar wave count, the only difference is the sub-structure of wave four. We are looking at a three wave decline with a triangle placed in wave b from where wave c could fall down to 0.8960 area. In that region you will find former wave four, 38.2% as well as wave c=a equality level. So it’s ideal zone for a new bounce in price. But generally speaking we see USDCHF going higher, either from here or from 15 pips lower.
USDCHF 1h Elliott Wave Analysis
AUDUSD was moving slightly lower during Asian hours but then found a support 5 pips away from the low and now again back at 0.9390 figure. 0.9390/0.9410 remains a nice region from where downtrend may resume. On the other-hand, we may start tracking a different count if we will get any decisive push above 61.8%.
AUDUSD 1h Elliott Wave Analysis
Interested in our analysis? Get now 1 month of full service for just 1€. http://www.ew-forecast.com/service