A truncation is in the correction flat wave

Long

Australian Dollar / U.S. Dollar (CAPITALCOM:AUDUSD)

CAPITALCOM:AUDUSD Australian Dollar / U.S. Dollar

Support and Resistance Fibonacci Elliott Wave AUDUSD capital Forex trieutv tradervietnam

supportandresistance fibonacci elliottwaves audusd capital forex trieutv tradervietnam

Based on the chart, I realized a truncation wave what is completed at 0.71728.

AUDUSD is retracing to around 0.77834 (wave B), why?
Because, wave A is truncation that proved seller's weakness and wave B can retrace to 0.236 Fib to complete a flat wave.

Time will tell....

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