Currency Analyst since 2010

AUD/USD: weekly wave analysis

Weekly. After completing the wave plane [b], the pair stared forming a new upward impulse wave [c]. At the moment AUD/USD is at the beginning of this trend.

Daily. The pair has finished impulse (1). Now the market is declining in a smooth correction (2), which is a double Triple. 

H4. This week the pair will continue forming the complex correctional wave X with an upward bias. Most likely, the wave [y] of X is a simple Zigzag. If this assumption is true, we’ll see a downward correction (B) and the upward momentum (C), as indicated at the picture.

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