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AUD/USD: Elliott waves (Apr. 21)

By Roman Petuchov

Weekly. The global emerging structure is a Zigzag. The correctional wave [b] which is a part of it is complete. In the coming months we expect the pair to rise.

Chart. Weekly AUD/USD

Daily. Downward impulse is complete . In last section  we saw growth in the first wave of the new uptrend.

Chart. Daily AUD/USD

H4. The figure shows a detail layout upside impulse, the fourth wave of which took the form of an extended oblique triangle. Next week we expect correctional decline in the wave (2).

Chart. H4 AUD/USD

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