On the daily chart, the first wave of the higher level (1) of C developed, and a downward correction forms as the wave (2) of C, within which the wave C of (2) forms. Now, the wave of the lower level i of C has formed, a local correction has developed as the wave ii of C, and the wave iii of C is forming, within which the wave (iii) of iii is developing.
If the assumption is correct, the AUD USD pair will fall to the levels of 0.6446–0.6082. In this scenario, critical stop loss level is 0.7048.
NZDUSD - The pair may fall
On the daily chart, the upward wave of the higher level (А) of B formed, and a downward correction develops as the wave (B) of B, within which the wave C of (B) forms. Now, the third wave of the lower level iii of C has formed, the correctional wave iv of C has developed, and the fifth wave v of C is forming, within which the wave (iii) of v is developing.
If the assumption is correct, the NZDUSD pair will fall to the levels of 0.6060 – 0.5910. In this scenario, critical stop loss level is 0.6330.
If the assumption is correct, after the end of the correction, the price of the asset will grow to the levels of 2561.40–2885.72. In this scenario, critical stop loss level is 2039.50.
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