FX:AUDUSD Australian Dollar/U.S. Dollar
Two weeks ago I was wondering if the retrace was complete. However, it seems as if we are completing a ABCD correction. The AB leg completed at the yearly PP and 78.6% fib level. The BC leg did not make it back to the pitchfork median line and we can expect the correction to continue to the lower median line of the pitchfork, 127% extension and monthly S1 support.