AUDUSD Update II: Aussie Still Searching For Resistance

AUDUSD made a nice reversal last month from the 0.7525 level, clearly with an impulsive price move which is an important structure for a bearish trend. As such, we think this trend may continue after a three wave bounce up into wave two which in fact can be now in final stages with current wave C) that may look for a top at 61.8% Fibonacci resistance area.