AUD/USD: weekly wave analysis

Roman Petuchov

Weekly. The market is forming a global bearish trend in a double tripple (w)-(x)-(y)-(x)-(z). We're now forming the final bearish zigzag (z).

Daily. In a wave (z) we're forming the first impulse A. It will be following by another rising wave B. 

H4. The market is now building a complex correction [ 4 ], that takes form of a double tripple. On the new week the wave (y) will be complete. After that the pair will reverse and extend the decline in a new bearish wave [ 5 ] of A.

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