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AUDUSD - ANALYSIS
The AUDUSD (now at 0.8801) reached exactly the area predicted and it should stage a retracement to 0.8926-0.8929 and higher.
NOTE: be careful as the 1-hour and 4-hour charts don't show any major reversal candlestick yet. Meaning that we have no confirmation and the Aussie has still some potential to reach the area at 0.8728-0.8709 before starting the retracement in parole.
T1: the area 0.8926-0.8929.
T2: the area 0.8977-0.8996
T3: the area 0.9072-0.9083
The daily chart displays 5 minor waves downwards. This is the completion of 1 of 5 waves downwards.
In the 1-hour chart " all waves seem to be in place but I suspect that there could be a last moment surprise if the very last leg down develops a mini-extension downwards.
Monthly chart - click to enlarge
Weekly chart - click to enlarge
4-hour chart - click to enlarge
Wave oscillator on a 4-hour chart - click to enlarge