189
Currency Analyst since 2010

AUD/USD: weekly wave analysis

By Roman Petuchov

Weekly. The market keeps on forming a global corrective wave [b] (tripple bearish zigzag). 

 

Daily. The market is now forming a global descending zigzag (z), that has waves A-B-C inside. Wave A is now close to an end. 

 

H4. See the wave A markup on the chart. On the new week imulse (5) of [5] of A will be complete. It will be followed by a new bullish correction B. Be cautious at this turnaroud area. 

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