AUDUSD has turned down this week, through the support line from 0.7107 which is important indication for a bearish turn especially if we consider that trendline turned into a resistance yesterday. So for now, we see a nice three wave move down, which can either be corrective or impulsive. For now it's too soon to confirm but we definitely see room for a decline down to 0.7414 support while 0.7633 holds. Break above 0.7633 will suggests that bulls are still in play, then for 0.7800.
AUDUSD, 4H
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