Elliott wave analysis of GBP/AUD - Short term count

GBP/AUD

We are in the very early part of wave c of 4 down to 1.6229.

Short term we should expect resistance at 1.6815 for the next powerful decline in wave c lower. Wave 4 is a flat correction and wave c will be the only leg, that shows impulsive characters.

For the short term stay focused towards the downside for a test of support at 1.6229.