Aussie May Test 0.8000 Psychological Level Before Turning Down

AUDUSD turned up from 0.7560, probably into a complex corrective pattern that we think it's wave (4) as shown on the updated count. We are tracking a double zigzag from the low, with a second underway towards higher levels. We may see a retest of 0.8000 psychological level before market may turn down again, for wave (5).
AUDUSD 4h Elliott Wave Analysis

Written by www.ew-forecast.com

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