Currency Analyst since 2010

AUD/USD: weekly wave analysis

Weekly. After having completedthe descendingcorrectional wave[b],the pair has started constructinga new uptrend.

Daily. As part of a new trend AUD/USD built the first upward impulse (1). In the near future we expect a corrective decline in the wave (2). 

H4. The pair is presumably forming the first downward zigzag w. This week we expect the end of the correctional wave [b], which will happen as shown at the picture, and then the pair will begin falling within an impulse [c] of w.

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