AUDUSD turned sharply lower and made a daily close beneath rising
trend-line connected from March lows. We also need to consider that decline
from 1.0580 is looking impulsive; strong and large move in a very short period
of time. As such, this leg must be part of a larger bearish sequence that
should unfold minimum in three waves. Ideally we will see a zig-zag down in
wave (Y) of a complex wave E as shown on the updated count. In the near-term
traders who will be interested to join the bearish trend may want to keep an
eye on that broken trend-line that may turn into a resistance around 1.0420.
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