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.

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