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Copper is recovering already since July 2022, when we spotted the bottom and bullish reversal. Since then we can see it rising in an impulsive fashion and it's ideally unfolding a five-wave bullish cycle, where 5th wave can be now in progress.

Looking at the 4-hour chart, we can see it nicely bouncing after a completed (A)-(B)-(C) correction in wave 4. Wave 5 can be now underway, especially if breaks the channel resistance line and 4.08 region. Aussie (AUDUSD) and Kiwi(NZDUSD) may follow soon, especially if China stocks start recovering.

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