ewtrader86
Short

AUDUSD more correction to come

FX:AUDUSD   Australian Dollar/U.S. Dollar
50 0 0
The first leg of the correction was fast and impulsive. General dollar weakness is getting exhausted, I expect the pair to remain under pressure near term. The B wave could be already over. However, the immediate risk is a pop up higher toward 0.714 region to complete a triangle and start the wave C decline from there.
*** wait for the basic trend line of wave B to break before taking any action.***
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