Analyzing AUD/USD on the 30-minute chart using Elliott Wave Theory, I observed that wave (4) marked the end of the recent downward correction. Following this, I am expecting wave (5) to initiate an upward move. The first potential target for wave (5) is around 0.67173, which aligns with the length of wave (1). If the upward momentum continues, wave (5) could extend to 0.67611, corresponding to the 1.618 extension of wave (1). This setup suggests a long position on AUD/USD.
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