AUD/USD Unfolding A Three-Wave Recovery To 0.7400

AUD/USD has been trading bearish in 2018, it unfolded a five-wave impulsive movement which is now being retraced sharply back to 0.7200 area. We see only one leg up, so it’s part of a higher corrective bounce that can take pair even back to 0.74/0.7450 area after sub-wave B) pullback is finished.

AUD/USD, Daily

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