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.