I have highlighted the key points of this idea within the chart. I think we are in for a downtrend now and should see AUDUSD-0.72% fall lower. Record highs of SPX500-0.24% would also lead me to believe we are in for a market correction which will affect AUDUSD-0.72% . I will be watching the sub-support lines for breakthroughs and bounces. Feel free to leave your comments on this idea. Happy Pips!