AUD/USD: More Weakness To Come?

AUD/USD: More Weakness To Come?The {{5AUD/USD}} has turned bearish from 0.9500. A decline is impulsive that also took out the trendline connected from 0.9206 which is important is for a change in trend.

That trendline then also turned into a resistance in wave (ii)/(b) pullback around 0.9455 from where price fell very close back to 0.9327 swing. We believe that third leg down is now underway with downside projections seen at 0.9270 followed by 0.9180.

Forex Analysis by Gregor Horvat at ForexPros. com




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