Elliott wave Analysis: AUDUSD Looking Towards 0.7450/0.7427

AUDUSD is turning sharply down, seen in a new impulsive leg lower from 0.7650 so we assume that recent rally is finished, ideally wave 4 and that current weakness belongs to still ongoing wave 5 of 3). We may see a drop to 0.7450/0.7427 in the near term.

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