AUDUSD has fallen very aggressively last week from 0.7720 that appears to be wave three of an impulsive decline, so we need to consider the idea that top is in place and that big downtrend continuation is in the cards. As such, we will expect more weakness after any three wave bounce which may show up in the near-term in red wave 4) as wave 3) can be near completion.
AUDUSD, 1H
