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    AUD/USD: wave analysis on 22.04.2015

    Correction is nearing completion; the pair is likely to decline.

    Presumably, the formation of the “bullish” correction in the second wave 2 has completed. At the moment, it seems that the in-lead impetus has been formed. If this assumption is correct, the pair will continue to decline to 0.7500-0.7400 in the third wave 3 of (5). Critical level for this scenario is 0.7844.

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