AUDUSD: More Upside After Any Corrective Bounce

AUDUSD is trading nicely higher now above 0.7600 after sharp turn up yesterday, so obviously wave 4 has finished much earlier than we thought. It was a sharp corrective retracement that put wave 5 in play now for 0.7700 projection. Despite very strong push up there is still a bearish divergence visible on the charts which means that new corrective set-back may occur; probably next week down in red wave 4).

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