Few weeks ago, it was forecasted that AudUsd had potential to the down side. It appears that it has fully committed, having broken the low it formed in November 2022.
Therefore, in the coming days I will be looking for AudUsd sell for the following reasons:
1. The overall trend is bearish; that is after the first sell impulse, it formed a large continuation sell correction, and might be ready for the next sell impulse phase.
2. The price impulsively broke the low of the large corrective structure.
3. There is a potential sell continuation in the making.
Target: 0.61729
Note: Watch the price closely for bullish impulse and correction to potentially move it to the upside.