AUD/USD: weekly wave analysis

Daily. Here’s the layout of the downtrend, which had been forming during the past year. When the wave [A] was completed, we saw the formation of the corrective wave with the upward bias. In the near term we expect the pair to go up.

H4. Correction [X] looks completed. At the last section we see the start of another bullish wave [Y]. We expect the pair to rise, though we’d like to point out that growth may take form of a complex double or triple Zigzag.

Scroll to top