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Currency Analyst since 2010

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.

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