AUDUSD is coming into a heavy support area. We can see PA already starting to test the upper wedge formation trying to break out to the upside, we also see divergence on the RSI that requires a correction as well, however, the overall trend is still DOWN so this push up will only be a retracement. Due to the still strong selling pressure, I'm expecting another short drop down to around the 272 extension or blue support line before bouncing back up for a retracement and possible re-test of the 50 SMA.
