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Trader, analyst and instructor with a 6-year experience

AUD/USD: wave analysis (9.12)

Weekly. The two alternative bullish scenarios still remain on the table, but today the pair doesn't look likely to renew the local low - there is a small bullish move seen on a weekly chart. The immediate bullish scenario looks more realistic. 

Chart. Weekly AUD/USD

Daily. The Wave II is shaped as a zigzag. 

Chart. Daily AUD/USD

H4. The market has already finished the construction of the wave II and started the bullish wave III. 

Chart. H4 AUD/USD

Roman Petuchov for FX BAZOOKA

AUD
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