AUD/USD: weekly wave analysis
By Roman Petuchov
Weekly. After the global correctional wave [b] was completed, we see the formation of the first wave of a new uptrend.
Daily. Wave (1) has been completed. In the coming weeks we can expect a decrease in the framework of the correctional wave (2), which is likely to take the form of a double Zigzag.
H4. The pair’s constructing the final part of the first Zigzag w. This week we’ll see a decline to the previous local minimum, so it will complete the impulse (5). Then the pair will begin building upward corrective wave x.