AUDUSD appears to be close to finishing another 3 wave structure labelled as C-D. It has made a short term correction following from an impulse. It also seems to have broken out of the short term correction trendline and began its move downwards. I expect the impulse to end at point D and begin another 3 wave pattern upwards completing at E. Once D has completed I would begin looking for possible entries. If no sign of entry at the beginning of wave 1, then I would aim to enter after the corrective 2nd wave structure is broken. This would end at E. Thanks.
Commento
AUDUSD made a slightly longer than expected 3 wave correction, weak downside has resumed and I still expect prices to rise once hit or close to trendline.
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