AUDUSD is looking to extend lower

AUDUSD is being rejected by 0.7250 again

 

AUDUSD is extending lower after another rejection from 0.7250. A break below 0.6900 will lead to an acceleration of an extension lower to test 0.6600 and beyond that.  This would mean a final 5th wave downside extension in the 3rd wave lower.

Note: look for the short trade entries with the stop loss above 0.7000

 

AUDUSD continuation lower

 

 

 

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