From an Elliott wave perspective it seems evident that the AUDUSD is in the terminal stages of a correction to the upside that started 3 days ago. Confirmation of completion would be a breach of the trendline visible on the chart. Whats even more exciting is how lined up this is with a chart of the S&P Futures chart as visible bellow.
Strong resistance lays at 1330 basis the September contract.
Regards,
Ahmed Farghaly
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