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    AUD/USD: wave analysis on 12.01.2016

    A growth is expected.

    Assumingly, a Bearish correction within wave 2 has finished. At present, a downward impulse within wave c of 2 seems to have formed and a starting impulse of the junior level i of (i) has formed. If the assumption is correct the pair is likely to grow to 0.7300, 0.7500. Critical for this scenario is the level of 0.6924.

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