Trader, analyst and instructor with a 6-year experience

AUD/USD: weekly wave analysis

Roman Petuchov

Weekly. The market keeps on forming the global bearish corrective wave [b] with the final zigzag (z) inside.

Daily. Wave impulse A is one of 3 parts of the (z) zigzag. In the coming weeks the market is expected to develop a strong corrective wave B. 

H4. The market could be constructing the first bullish zigzag [w] these days. However, we still see a chance for the alternative scenarios to develop. Wait for additional signals to enter the trade. 

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