AUD/USD: weekly wave analysis
Daily. The pair keeps moving within the declining impulse wave A, which constitutes the first part of the bearish Zigzag. When the wave A is complete, we’ll see corrective advance of the pair.
H4. This week the pair’s notching decline will likely continue. We’ll see the development of the final 3 waves of the impulse 5. In such situation we recommend only short positions.