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AUD/USD: wave analysis (May 5)

Authored by Roman Petuchov

Weekly. The new bullish trend [c] has started.

Daily. Rising impulse wave (1) was formed. We are now in the corrective wave (2).

H4. Wave (2) is expected to become a double zigzag. The second zigzag y is being formed now. Next week we expect a decline in a [C] impulse. 

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