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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.

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