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AUD/USD: Wave analysis on 04.03.2015

Presumably, the third wave continues to develop with the first wedge-shaped wave of junior level (i) of iii forming within. The local correction in a form of wave (ii) is completed. If this assumption is correct and the price does not break the critical level 0.7747, it's logical to expect the pair to rise to the levels 0.8060-0.8160 within the third wave (iii).

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