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AUD/USD: weekly wave analysis

Weekly. The market continues shaping the global correctional wave[b] to the upsideimpulse of [a].This wave is a Triple Zigzag.

Daily. Within the descending Triple Zigzag the pair began constructing the final bearish Zigzag (z). We see the development of the downward impulse A of (z), which is not yet completed.


H4. At the moment AUD/USD is forming the wave [4] of A, which is the convergent horizontal triangle. This week we expect the pair to finish the triangle and to resume decline. Given the length of the flat, the fall can be very fast.

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