Elliott Wave Analysis: USD Index and AUDJPY Intraday
AUDJPY is moving sideways from July highs which looks like a corrective price action. I am tracking wave b) here that can already be done, so be aware of another leg up to the highs, close to 97/98 zone for wae c) that will complete an expanding diagonal in wave C of a big three wave recovery from 2013 low as shown on the daily chart.
AUDJPY Daily Elliott Wave Analysis
USD pairs are slow today, trapped in small ranges. USD Index still has a bullish look from current consolidation of a fourth wave that could rise up in fifth to 80.70. Intraday uptrend can resume either from current levels or from 80.45, 38.2% Fibo support.
USD Index 1h Elliott Wave Analysis
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