Trader, analyst and instructor with a 6-year experience

AUD/USD: weekly wave analysis

Weekly. The market is forming a long-term bearish correction [b] (bearish tripple zigzag). Let's see the markup of the wave A of (z).

Daily. Bearish correction [4] is now being formed. The decline will be extended in a wave [5].

H4. The first part of the double tripple – (w) - has been finished. We expect a decline in a wave (x) to follow. It could become a zigzag. Bullish wave (y) will follow.

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