Aussie is currently making a sharp decline from around the 0.7749 level, where a possible top for wave C) of E may have been found. This sharp decline is a confirmation that the previous five wave rises within wave C) is completed and that a minimum three wave reversal may now be in the cards. As such we may be now trading within wave 1 or A of this three wave decline.
A breach beneath the 0.7592 level would indicate lower levels to follow.
AUD/USD, 4H
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