AUDUSD

Today we are tracking AUDUSD very closely after the recent decline back beneath 0.7243, where an overlap with wave (a) confirms the fact that a bounce to 0.7334 was corrective and that bears can be back in control. Ideally, the price will continue straight down into wave 3, towards the 0.7150 minimum, but we may see even 0.7000 next week.

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