Key Points
- AUD/USD has extended its bearish movement to a marked low of 0.67733.
- The four-hour Elliott Wave count remains within red wave 3.
- A corrective fourth-wave rebound could precede another decline.
AUDUSD Rate
The Australian dollar traded at 0.67785 at 11:09 a.m. New York time, below its daily opening rate of 0.68085. The chart records a session range between 0.67732 and 0.68149.
AUDUSD Elliott Wave Analysis
The Australian dollar's decline has extended further, reinforcing the bearish direction discussed in the November 11 forex market outlook.
The current structure places prices within red wave 3, with the internal green subdivisions indicating continued downside development. The earlier ending diagonal remains part of the completed upward structure.
The projected path anticipates a temporary fourth-wave recovery before a prospective fifth-wave decline. However, the corrective rebound has not begun on the supplied chart, and its precise termination level remains unspecified.
Technical Analysis — November 13, 2026
- Trend: Bearish, four-hour timeframe.
- Wave Structure: Red wave 3 developing.
- Recorded Low: 0.67733.
- Invalidation: 0.69311.
- Next Phase: Projected wave 4 recovery, followed by wave 5 downside.
Trader's Question: Would a rebound indicate the Australian dollar has bottomed?
Not necessarily. Under the current count, an initial recovery would remain corrective rather than confirm a sustained bullish reversal.