The analysis focuses on ADAUSD using Elliott Wave theory, identifying a completed third wave at 0.836, followed by a fourth wave retracement to the 0.382 Fibonacci level at 0.786. A potential fifth wave target is set at 0.868. Support levels are identified at 0.771 and a critical level at 0.756, though a drop below this invalidates the bullish outlook. A more extended term analysis projects a third wave target at $1.69, and a long term target is defined for a potential 5th wave between $1.61 and $2.98.