As mentioned in my related ideas, I expect AUD/USD to fall to the 0.73 area and a possible breach of that level should lead us directly to the 0.72500 area which can act as a low support of the month. The fibonacci 0.618 level has been respected once, possibly twice this week, and the target of 0.73 and 0.7250 seems very possible also taking into consideration the wedge formation which I analyzed in my related idea.
Trade closed: target reached
