#AUDUSD For those interested in forex trading#Australian_dollar🇦🇺/🇺🇸 Wave view of the currency pair within the 1-hour time frame
🚀 Correction then launch
After the completion of the impulse wave representing wave (1)/(A), which witnessed a noticeable rise, the price is currently moving in a corrective phase that may take the form of a correction that may reach the areas of 50-61.8%.
👈 On this basis, we expect
- The corrective wave is ideally formed in one of the zigzag patterns
- The pair reaches the levels of 0.61890 - 0.61755 of the length of the upward wave.
💡 Important notes
- Determining the pattern that will form is an essential step to confirm the trend.
- The key level of the pattern represents a milestone: - Breaking it will qualify the price to reach a new high above the 0.62926 level as a lower target