AUDUSD - Tracking Minor Waves - Wave E Broken in Wave ii

The break of E wave confirms that Wave ii is complete even though the recovery wasn't particularly strong I believe it is due to a deceptive Wave C recovery in the USD but the Aussie dollar isn't buying it.

The uptrend should continues from here and as always I will monitor the progress.

My target from this point is at least .81cents.

I believe the coming move will be strong therefore the set backs should be minor with shallow retracements as this whole move is impulsive in nature.

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