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    AUD/USD: wave analysis on 24.02.2016

    An upward trend is strong.

    Assumingly, a correction in the second wave ii shaped as an irregular flat (a)(b)(c) has formed. Locally, the third wave iii seems to have begun forming, within which a starting impulse has formed. If the assumption is correct, the pair continues growing towards 0.7560 after wave (ii) ends. Critical for this scenario is the level of 0.7066.


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