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    AUD/USD: wave analysis on 07.01.2016

    A correction is ending. Growth is expected.

    Assumingly, a Bearish correction within wave 2 is finishing forming. At present, a downward impulse within wave c of 2 seems to be ending. If the assumption is correct, the pair will grow towards 0.7300, 0.7500 after it ends. Critical for this scenario is the level of 0.6905.

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