AUDUSD Daily Elliott Wave Count
In the last AUDUSD Daily Elliott Wave Count update, I was labeling things with the bullish nested 1-2's. Things were looking good until the strong reversal on Friday. The Bearish Engulfing Candle on Friday leads me to believe more downside is coming. There is still a possible 1-2 nesting on this last 3 wave move up but the b wave low at 69.97 will need to hold on this pullback.
Bottom line is more upside correction after a small pullback for the X wave.
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| AUDUSD Daily Elliott Wave Count |