FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
I have low confidence in my count past C(circled). First, I am not sure 1(circled) is over, and if it was, I am not sure if 2(circled) is over or not. Pitty, because the trend is clearly down. I would love to see it rally towards the purple SMA , but that is just a fantasy at this point.

On a larger scale, this chart is clearly pointing that bear market in commodities has some legs long term, indicating (severe?) deflation.
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