Looks like AUDUSD finally setting a bottom@0.7532, yet I won't hurry as we wait for more confirmation. Current push from 0.7532 lows looks impulsive & we picked up again @0.7555 once it crossed above 0.7575 -wait for the best pick between 0.7550 - 0.7555 - suggested in previous update as mentioned below.
AUDUSD - 650+ pips - Wave Talks Australian Language
Drops from 0.7630 & close by level to 0.7606 - There is a minor support between 0.7600 -0.7605 If holds then we get to see upside push & going above 0.7620 give us further clues.
Dipping slightly below minor support & bouncing strongly above 0.7605 looks good for next upside to 0.7700-0.7710 once it starts travelling above 0.7640 highs.
We are in middle of choppy move & move below 0.7595 -pair can attempt 0.7550-0.7555 -which is very important zone as below 0.7530 - it will run for new lows.
From last update earlier hardly stayed below 0.7595 & above 0.7600 had travelled to 0.7653 highs -which is close to channel top -unless it moves above 0.7667 - we are bearish for lower targets which could be 0.7555 -minor support where we got 75 pips in between with bullish cypher.
Staying below 0.7650 have strong chances of travelling down below 0.7532
Perfect in below 0.7650 - Makes recent low@0.7602 - Book Partial & Try to join on bounce in the zone 0.7630-0.7635 if holds as resistance on top or below 0.7600 mark.
Still in sideways action so stops of 0.7600 is not good idea but we are expecting a fall once it starts moving below 0.7570 & take out 0.7550 as 2nd confirmation level for downside move.