The AUD/USD pair is showing an upward correction, holding around 0.6610.

Growth is possible.

On the daily chart, a downward correction of the higher level ended as the second wave (2), and the development of the upward third wave (3) started, within which the first wave of the lower level 1 of (3) ended. Now, a downward correction has formed as the second wave 2 of (3), and the third wave 3 of (3) is developing, within which the wave i of 3 is forming. If the assumption is correct, the AUD/USD pair will grow to the area of 0.6800–0.7164. In this scenario, critical stop loss level is 0.6450.

The AUD/USD pair is correcting after an active decline over the last two trading sessions. The instrument is testing 0.6600 for a breakout, while more confident upward dynamics are hampered by macroeconomic statistics from Australia.

The AUD/USD pair is showing a steady decline around 0.6579, building on the “bearish” momentum formed yesterday when the quotes retreated from their August 1 highs.

Growth is possible.

On the daily chart, a downward correction of the higher level ended as the second wave (2), and the development of the upward third wave (3) started, within which the first wave of the lower level 1 of (3) formed. Now, a local correction has ended as the second wave 2 of (3), and the development of the third wave 3 of (3) has started, within which the wave i of 3 is forming. If the assumption is correct, the AUD/USD pair will grow to the area of 0.6895–0.7164. In this scenario, critical stop loss level is 0.6517.