AUDUSD has turned lower last week but only temporary into wave (iv) that is headed deeper now. We expected a retest of 0.7195 level where pair may look for a support and send price up into wave (v) to 0.7450 area where bulls could slow down later this month. Only break of 0.7087 will invalidate our count, in that case we would look for a top of wave C at 0.7382.
www.ew-forecast.com
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