Currency Analyst since 2010

AUD/USD: weekly wave analysis

Weekly. The pair keeps forming the globalupward Zigzag [a] - [b] - [c].Now we see the construction of theend of the correctional wave[b], which is a triple Zigzag. AUD/USD has already startedconstructingthe final downward Zigzag (z).

Daily. The pair’s forming the impulse A of (z). When this impulse is formed, the market will generate an upward correction B. Consider the layout of wave A. 

H4. As part of the wave A the pair has completed correction [4]. On the last section we see a decline in new downward impulse [5] of A. This week the pair will renew the low, and then it may turn up in the area of 0.8510, completing the construction of the wave A.

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