The USD found some buyers in the overnight session with mixed signals across the board. On GPBUSD, EURUSD and USDJPY pullbacks can be corrective and temporary, while on commodity pairs such as AUDUSD, USDCAD we see a nice impulsive reaction that will drive USD higher.
On AUDUSD we can see a broken channel line and a nice impulse down which is the first important evidence for a completed wave C at the latest high. However, I would love to see more weakness towards the 0.7710 termination point of wave B before we can fully turn bearish on the pair. In that case, I will consider shorts against the high.
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