AUD/USD: weekly wave analysis

Weekly. The pair keeps forming corrective wave B, which is taking form of a double three or a double zigzag. When this wave is over, we’ll see a new downtrend.

Daily. The pair is currently forming the second zigzag (Y) of [Y]. At the new week we’ll see the small increase of the price in the impulse A, after which the pair will start downward correction B. When the wave B is complete, the pair will rise in the impulse C.

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