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AUD/USD: Elliott waves

Weekly. After completing the construction of a correctional wave [b], we saw the beginning of the formation of the new upward impulse [c].

Daily. Layout of the wave (1) is shown at the picture. In the coming weeks we expect a decline in the correctional wave (2). 

H4. Waves [i] and [ii] look complete. This week we expect to see a decline in the new impulse wave [iii], the bears will take control of the situation.

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