OANDA:AUDUSD   Australischer Dollar/U.S. Dollar
20 0 1
The pair can fall.

On the 4-hour chart the development of the upward correction as a fourth wave (4) of the higher level has ended, and the formation of the fifth wave (5) has begun. Locally the downward momentum is developing as a first wave of the lower level i of 1 of (5), within which the fifth wave (v) of I is forming. If the assumption is correct, the pair will fall to the levels of 0.7600–0.7550. The level of 0.7728 is critical for this scenario.

Main scenario

Short positions will become relevant during the correction, below the level of 0.7728 with the targets at 0.7600–0.7550.

Alternative scenario

The breakout and the consolidation of the price above the level of 0.7728 will let the pair grow to the level of 0.7894.
More analytic from LiteForex:
English https://www.liteforex.com/blog/?uid=880952068&cid=12118
Malay https://www.liteforex.my/trading/forex-analysis/?uid=880952068&cid=12118
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