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AUDUSD
AUDUSD: 0.648 Likely to Complete Major Bearish Trend
The current AUDUSD structure hints that a major bearish trend is forming in the market, consisting of primary sub-waves ①-②-③-④-⑤.
After the completion of the primary wave ④, the market continued to move down in a new bearish impulse ⑤,… Read More
All Points to Stronger Dollar!
Dollar continues attracting investors as no other option seems to be offering a good payoff. Euro and yen are weakening on poor macros, whereas pound, despite the UK printing better numbers than the EU and Japan, is hanging on Brexit. With… Read More
China Remains Locked Down
News around the virus are mixed as the Chinese authorities seem to keep the outbreak well contained, however, the spillover from a potential economic slowdown continues. The Chinese currency hit the 7 barrier, which makes an interesting… Read More
AUDUSD: Last Impulse Could End Near 0.7042
The current AUDUSD structure suggests that the market is forming the final part of the bullish intermediate zigzag (A)-(B)-(C).
It seems that minor wave 1 in (C) has already been formed. We are now likely to see a bearish zigzag 2, which… Read More