AUD/USD: weekly wave analysis

by Roman Petukhov

Daily. We see the descending impulse A construction, which is the first leg of the bearish zigzag (z). When wave A is fully completed, the pair will continue moving upwards, as indicated on the chart.

H4. Next week, we are most likely to see the market decline within the downward wave (5), however one should trade very catiously as there is an alternative upward movement scenario.

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