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    AUD/USD: wave analysis on 21.01.2016

    A downward trend is strong.

    Assumingly, the fifth wave of the senior level continues forming, within which a Bearish impulse as the third wave of the junior level (iii) of v is developing. If the assumption is correct, the pair continues falling to 0.6755. A critical for this scenario is the level of 0.6958.

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