The uptrend is being delayed. AUD/USD wave analysis
25.11.2014
Analysis for November 25th, 2014
In one of our previous reviews, “Inside the “bifurcation” area. Wave analysis of AUD/USD for 11.11.2014”, we discussed a possible scenario how the price may start forming an ascending zigzag(5).
Probably, the price has chosen an alternative scenario and continued falling. This scenario may imply that the pair is completing ending wedge(v) of [v] and the whole descending impulse [v] of C of (4).
Our mid-term expectations haven’t changed so far – the market is expected to start forming the final ascending zigzag A-B-C of (5).
However, at the same time one should remember that any possible scenario is subjective and the market may move in a completely different direction.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.