The AUDUSD is about to start a correction. Price reached a major zone determined a long time ago shown by means of the blue dotted lines. We see a lot of divergence but that's only an indication. If price breaks lower the whole potential reversal process will start all over. However I like to see this price action settle for a significant consolidation which will present at least an short term buy trade. If it makes another bearish impulse we need to adjust short term and look for the next consolidation.
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