Currency Analyst since 2010

AUD/USD: wave analysis (Nov. 10-16)

By Roman Petuchov

Weekly. The market is now developping a descending corrective wave [b] that takes form of a complicated tripple three. The final descending zigzag (z) is now being built. Let's see the markup in details. 


Daily. Initial bearish impulse A is close to its end. When the wave A will be over, the market will develop a bullish corrective wave B. Let's see the wave A in details. 


H4. The market is forming a descending impulse wave [5] of A. This week the market will likely develop a horizontal correction (4). Afterwards the decline in a wave (5) will continue. The potential trajectory is marked on a chart. 

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