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