AUDUSD ElliottWave forecast

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Weekly chart of AUDUSD


Form the above chart I can see that five Waves down is over and prices are now poised to move higher from current CMP. Well it is early to say that this can be a reversal or a fresh leg up, I think wave b is in making which will not go above 61.8% of previous down wave. In this case I am expecting that prices will move up till 0.80 now.

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