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Aussie is on the rise following a completed five wave decline to 0.7330 on May 09. The reason for a this new recovery is a recently broken channel line with sub-wave A and then also that same trendline turned out to be a good support for B-wave. As such, we are tracking a three-wave recovery which will ideally be wave 2) that may look for a top near the area of a former wave four.



EURGBP is on the rise since yesterday when the market might have accomplished a three wave decline in wave b) near 0.8370, so wave c) can be underway much higher, even to 0.8600 for wave two, especially if the market will close bullish today.