AUDUSD - Wave iii In Progress - Big Decline Ahead

So similar to the Euro and everything against the USD it's likely in wave iii down territory.

So here I clearly marked what ended up being an ending diagonal before it broke out of the channel.

Either way it never made a new high.

the previous wave iv of the ending diagonal has also been broken.

If you would of taken advantage of my previous post indicating the tight stop great because its going to pay off.

I will keep you posted on the progress of this trend and what to expect.

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