Currency Analyst since 2010

AUD/USD: weekly wave analysis

Weekly. The pair has completed the global correctional wave [b]. After it was completed, the pair has begun development of a new uptrend [c].

Daily. As part of a new uptrend the pair has built an upward impulse (1). At the moment, there’s a development of the correctional wave (2), taking the form of a double Zigzag. 

H4. The first part of a double Zigzag w has been completed. At the last section we see growth in the wake of a bunch x. This week, this wave will be completed, and the fall of the pair will continue. Most likely, it will happen by the end of the week.

Scroll to top