On the updated chart of AUD/USD we can see that price had broken beneath the previous swing low of wave B at 0.7389 level, which can indicate and confirm a top in place at 0.7517 level. That said we could now be trading in black wave 3, with still more room to go. Ideally we will see an extension towards the Fibonacci projections at 161.8 or 261.8 in the coming days.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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