AUDUSD has not seen significant declines compared to other USD Pairs currencies. However, I expect it to go down to test the bottom.
The 4-hour supply zone, daily supply zone is gradually moving downwards as it is currently staying below the important blue support line in the center of the chart. It will mean that downward pressure is working, and the daily correction pattern is more likely to be a running flat pattern. Therefore, after falling in the 4-hour supply zone, there will be an uptrend that breaks the 4-hour correction trend line again. In other words, from this point on, AUDUSD will experience a deep downtrend.
However, a break above the blue support line in the center of the chart can always turn into an uptrend. However, since EURUSD and GBPUSD have already renewed their lows again, AUDUSD is highly unlikely to rise.
It seems that the trend will go together, and it seems very good to hold the Sell position after the daily correction process is over.
The 4-hour supply zone, daily supply zone is gradually moving downwards as it is currently staying below the important blue support line in the center of the chart. It will mean that downward pressure is working, and the daily correction pattern is more likely to be a running flat pattern. Therefore, after falling in the 4-hour supply zone, there will be an uptrend that breaks the 4-hour correction trend line again. In other words, from this point on, AUDUSD will experience a deep downtrend.
However, a break above the blue support line in the center of the chart can always turn into an uptrend. However, since EURUSD and GBPUSD have already renewed their lows again, AUDUSD is highly unlikely to rise.
It seems that the trend will go together, and it seems very good to hold the Sell position after the daily correction process is over.