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    AUD/USD: wave analysis on 29.02.2016

    A growth is still possible.

    Assumingly, a correction as the second wave ii which has taken the shape of an irregular flat (a)(b)(c) has finished forming. Locally, the third wave iii seems to have started developing within which the first and the second waves of the junior level have formed. If the assumption is correct, the pair continues growing to 0.7560. A critical for this scenario is the level of 0.7066.

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