(AUD | USD) Forex Trading Analysis Today Forex Forecast | May 21, 2024 | AUDUSD Analysis

Forex Trading Analysis

Hello Guys today is Tuesday, May 21st, 2024 I am going to analyze the audusd currency pair let us start the top-to-bottom AIT wave analysis inside daily time frame the trend is up in a USD currency pair daily time frame support is present at 0.6361 price level price action is most likely going to rise to print bullish Wave 1 after that I expect a bearish wave two pull back and then a bullish wave three SL in coming trading days uh decisive bearish break below 0.6361 support area is going to end uptrend in the daily chart of audusd currency pair

St 4hour time frame price action is printing higher swing highs and higher swing lows to me audusd pair Trend looks up in 4hour time frame

At 1-hour time frame the trend is up in 1-hour chart intraday support is present at 0.66 27 price level price action is most likely going to rise to print bullish wave 5 impulse which offers a chance to join an uptrend in audusd pair a decisive bearish break below 0.6627 a support level is going to end uptrend in the 1-hour chart of the Australian dollar versus the United States dollar currency pair

More specifically the green color highlighted area offers a buying opportunity which is the previous fourth wave of one lesser degree