AUDUSD Forecast

AUD/USD maintains a bullish outlook on the 4-hour chart, with the displayed price at 0.70152. The Elliott Wave count shows a developing five-wave advance from the labeled blue wave i low, with green waves (1)–(4) identified and wave (5) projected toward 0.7055–0.7060, potentially completing red wave A. Since October 23, the pair has continued its upward structure, although the projected fifth-wave peak remains unconfirmed. The blue path anticipates a corrective decline toward approximately 0.7005 before another potential recovery toward 0.7040. The chart explicitly marks 0.69940 as invalidation. Holding above that level supports the bullish structure, while a sustained break below it would challenge the current wave interpretation.

Technical Summary of AUD/USD Price for October 26, 2026

• Trend: Bullish.
• Current Elliott Wave: Green wave (5) projected to complete red wave A.
• Key Support Levels: Approximately 0.7005 (projected correction); 0.69940 (invalidation).
• Key Resistance Levels: 0.7040 (approximate recent highs); 0.7055–0.7060 (projected).
• Next Price Target: 0.7055–0.7060, followed by a potential correction toward 0.7005.
• Invalidation Level: 0.69940 (annotated).

Trader's Question: Can AUD/USD complete wave (5) before entering a correction?

The ascending wave structure supports a potential advance toward 0.7055–0.7060, but a subsequent pullback toward 0.7005 remains possible without invalidating the broader bullish outlook.

AUD/USD maintains a bullish outlook on the 4-hour chart, trading near 0.70244 following a recovery from 0.68941. The Elliott Wave count identifies the earlier decline as wave i, followed by a developing five-wave advance with green subdivisions (1) through (4) and a projected wave (5), completing the red-labeled wave A. Recent higher highs and higher lows support the upward structure, although consolidation below the recent peak suggests temporary hesitation. The blue projection anticipates a final advance toward approximately 0.70450, followed by a corrective decline toward 0.69750 before a potential recovery toward 0.70150. A sustained break beneath 0.69750 would weaken the projected recovery scenario, while movement above 0.70450 would support continued upward momentum.

Technical Summary of AUD/USD Price for October 23, 2026

• Trend: Bullish
• Key Support: 0.70000 (approximate); 0.69750 (projected)
• Key Resistance: 0.70350 (approximate); 0.70450 (projected)
• Trading Range: Projected corrective zone 0.69750–0.70450.

Trader's Question: Is AUD/USD approaching completion of its current bullish Elliott Wave sequence?

The projected wave (5) suggests a final advance toward 0.70450 before a possible correction, but completion remains unconfirmed.