AUD/USD: weekly wave analysis
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.