AUDUSD

Spectrum.

Weekly. Keep an eye looking for bearish opportunities from current dates till Oct 2020.

Daily. Within bearish stage of trading cycle a bullish bounce (slight increase) is expected this week prior turning bearish in line with trading cycle.

Annual cycle analysis.

Stay bearish till the end of Sept.

Turning point analysis.

Look for bearish turn after price reaches resistances 0.7240 or 0.7190.

Elliott waves analysis.

One more bullish spite is possible prior corrective decline to 0.6800 at least.

ZZ structure.

L-1. Crucial level for the rising sequence is 0.6776.

L-2. While 0.7076 level holds the ZZ continues to be bullish with further increase. Yet, TPA detects upper marker for this rising ZZ. Thus, from this level corrective cutback is possible.

L-3. Further improvement of bullish green ZZ is expected while crucial level 0.7109 holds.

Intraday Spectrum.

Corrective declining red ZZ is probably in process. Green ZZ is still rising.