AUD.USD near term UPDATE: one last leg down ? bounce after?

Part of my ongoing Trading analysis, following up on this Bigger Plan (click).

AU was tap dancing on a support ledge, and looks to be slipping off.
My anticipated target is not that far away, but that is a conservative.
After sitting on that ledge and slipping off already, lower seems likely.

We should be getting close to end of a wave.
A retrace upwards may be around the corner.
I will not be longing, but may wind up my shorts.

Komentar:

Target hit

and is trying to bounce a bit which is quite expectable.

Komentar:

Getting a bit of a bounce as expected

lets see if it can clear immediate resistance (looks like it can).

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Komentar:

Was just reminded that RBA rate news is up in a couple minutes

this would be the perfect spot/time to start a serious AU bounce if desired by the RBA

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