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.