Double zigzag! The start of the rise and weakness of the US doll
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Hi guys I hope you have a good week ahead. Australian dollar = US dollar (Elliott wave principle analysis) The bullish market started from the price of $0.61702, which is an impulse pattern, which wave (A-1) reached the highest price of $0.71578 and then started to correct, which is a zigzag pattern, and reached the 50-61.8% Fibonacci range. (Price 0.65644$) The first possibility: the resumption of the bullish market (price 0.65644$) Second possibility: continuation of the downtrend to complete the double zigzag Good luck, more details are available on the chart, take a look guys. Good luck and stay happy and enjoy your life. I appreciate your support