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Currency Analyst since 2010

AUD/USD: weekly wave analysis

By Roman Petuchov

Weekly. After the pair had completed the global horizontal correctional wave [b], we saw the beginning of the formation of a new uptrend. Consider the layout of the last section on the D1.

 

Daily. The first upward momentum (1) was built. We now expect a corrective decline in the Double Zigzag – (2). Currently, a first downward Zigzag is being formed – W.

 

H4. Waves [a] and [b] are complete. In the near future we expect a decline in a downward impulse wave [c] of w. The decline will likely continue the whole week.

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