We assumed the AUDUSD still in bearish trend, after made the second wave ii AUDUSD seems going to move bearish again to build wave iii. If our assumption is correct, and the market price will not break the price level of 0.9409 then the AUDUSD still continue in downtrend. Our calculation, this currency pair has target level at 0.9280 - 0.9170.
We suggest to open sell with 0.8280 as target and set stop loss at 0.9409.
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