Currency Analyst since 2010

AUD/USD: weekly wave analysis

Weekly. As the pair continued its strong growth we’ve changed the marking. It became clear that the entire move from 2011 is a Triple Zigzag.

Daily. At present the pair’s forming the first part of a new downward Zigzag (z), the wave impulse A. The next week we expect the decline to continue in this wave. Consider its markup.

H4. Presumably the waves [1] - [2] and (1) - (2) were built. The accurate layout of the area isn’t clear yet. However, this week we expect the pair to continue downward movement, which will be periodically interrupted by the construction of small upward or horizontal offsets.

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