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    AUD/USD: wave analysis on 11.05.2015

    The pair is under correction.

    The bearish correction continues to develop in a form of wave 2. Apparently, the wave b of 2 has finished forming and the third wave c of 2 has started developing. If the presumption is correct, the pair may fall to a level of 0.7735. The level of 0.7967 is critical in this scenario as the breakout will result in a further growth of the pair.

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