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    AUD/USD: wave analysis on 19.02.2016

    Pair is in a correction. A fall is expected.

    Assumingly, the correction in the second wave continues forming. Locally, wave (b) of ii seems to be finishing and if the assumption is correct, the pair will fall in wave (c) towards 0.6970, 0.6920. Critical for this scenario is the level of 0.7240.

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