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GBP/AUD Is Looking For More Extension Higher

GBP/AUD Is Looking For More Extension Higher

GBP/AUD Short term Elliottwave structure suggests rally from 7/11 low is unfolding as a double correction where wave W ended at 1.763 and wave X pullback ended at 1.731. From there, pair resumes rally where wave ((w)) ended at 1.777 and wave ((x)) pullback is currently in progress in 3, 7, or 11 swing to correct the rally from 1.731 before pair turns higher again. As far as 1.731 pivot stays intact during the pullback, expect more upside in the pair.

GBP/AUD Chart

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