The pair is expected to grow.

Presumably, a bearish correction in a form of zigzag-shaped wave (ii) has finished. The price attempts to push off upwards from the critical level of 0.7594 at which this scenario may be cancelled. If not, the pair will logically continue growing to a level of 0.7930.

Trading tips

Buy the pair from corrections once the level of 0.7735 is broken with a target at 0.7930.

Alternative scenario

Breakout and consolidation below the level of 0.7594 will allow the pair to continue declining to a level of 0.7500.

AUD/USD: wave analysis

AUD/USD: wave analysis

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