AUD/USD: wave analysis for Jan. 12-18
Weekly. The marketcontinues to form the globaldownwardcorrectional wave[b],which is atriplezigzag. AUD/USD is currently developing a final zigzag (z).
Daily. Impulse A looks fully formed. Construction of the correctional wave B has just started, so you should be careful to trade at this sector, as the form of the new wave isn’t clear yet.
H4. This week we can see either continuation of growth or a flat. We recommend refraining from trading decisions until the form of the wave B becomes clear.