{"id":20065,"date":"2026-01-09T21:58:22","date_gmt":"2026-01-09T21:58:22","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=20065"},"modified":"2026-01-09T21:58:23","modified_gmt":"2026-01-09T21:58:23","slug":"audusd-leading-diagonal-leads-trend","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/audusd-leading-diagonal-leads-trend\/","title":{"rendered":"AUD\/USD Elliott Wave: Leading Diagonal Leads The Next Trend"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Executive Summary<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trend Bias<\/strong>: The AUD\/USD pair is rallying within a larger <strong>uptrend<\/strong> that began in April 2025.<\/li>\n\n\n\n<li><strong>Initial Rally Target<\/strong>: Near <strong>0.69 <\/strong>where wave \u2018iii\u2019 would match the length of \u2018i\u2019.<\/li>\n\n\n\n<li><strong>Key Support<\/strong>: .6421 is the key level of support for the bullish forecast.<\/li>\n<\/ul>\n\n\n\n<p>Aussie is trying to fall below a wedge pattern. We believe the decline is temporary and may lead to new highs above .6766.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Current Elliott Wave Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"794\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/01\/AUDUSD_2026-01-09_15-42-16-1024x794.png\" alt=\"\" class=\"wp-image-20066\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/01\/AUDUSD_2026-01-09_15-42-16-1024x794.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/01\/AUDUSD_2026-01-09_15-42-16-300x232.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/01\/AUDUSD_2026-01-09_15-42-16-768x595.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/01\/AUDUSD_2026-01-09_15-42-16.png 1173w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>AUDUSD topped earlier this week and has declined near 100 pips. It appears that AUD\/USD is correcting lower in <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave<\/a> \u2018ii\u2019 of a larger impulse pattern. This 2nd wave decline is forecasted to end above .6421, with a typical target zone in the.6550-.6635 region.<\/p>\n\n\n\n<p>After wave \u2018ii\u2019 terminates, then the next phase would be a wave \u2018iii\u2019 rally that may carry up to .69 and possibly .71 in the coming weeks.<\/p>\n\n\n\n<p>This bullish run started with a leading diagonal, or as most technicians call it, a <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/rising-wedge-pattern\/\">rising wedge<\/a>. The diagonal has 5 waves within it. Once the leading diagonal is completed, anticipate a <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-retracement\/\">Fibonacci retracement<\/a> between 38-78%. Then, after the partial retracement is complete, Aussie may rally again of similar size or Fibonacci proportions (using the <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-extensions\/\">Fibonacci Extension<\/a> tool) relative to the December rally.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Bottom Line<\/strong><\/h2>\n\n\n\n<p>If AUD\/USD declines to .6550-.6635, then it may set up the next rally to .69 or higher. This wave count is valid so long as price remains above .6412. If the Aussie prints below .6412, then we\u2019ll reconsider the wave count.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The AUDUSD Elliott wave analysis hints that after a partial decline, another rally may lift Aussie to new heights. Key levels inside.<\/p>\n","protected":false},"author":160,"featured_media":20072,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-20065","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUD\/USD Elliott Wave: Leading Diagonal Leads The Next Trend - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"The AUDUSD Elliott wave analysis hints that after a partial decline, another rally may lift Aussie to new heights. 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