Currency Analyst since 2010

AUD/USD: wave analysis for Jan. 26-30

Weekly. The pair keeps forming the global downward correction [b], which is taking the form of a triple zigzag. At the moment, we see the development of the final zigzag (z).

Daily. As part of the zigzag (z) the pair keeps forming the descending impulse A. Soon this impulse will be fully completed and the pair will begin development of a new upward wave B.

H4. We can see the details of the wave [5] of A. Immediately after the completion of the wave (4) the pair collapsed in a new impulse wave (5). This week we expect it to continue falling within this bearish wave.

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