Aussie have been trading to the downside in a strong fashion way since beginning of the year. Only recently the market has pick up after the USD negative sentiment across the board. Current up movement is still corrective in nature and we expect the market to resume the downtrend, we're still in a bear market.
Although we have complete a 5 wave cycle since we break to the downside (figure 1, red wave notes) this is just the first wave of higher degree. The reason why we may assume this is the…
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