Corrective wave in progress

27 set 2021For now, it seems the AUDUSD is in a corrective wave which might see it testing resistance from the Weekly R2 @ 0.735 should it manage to break above Friday's high @ 0.730. From there I would expect a continuation of the bearish trend as a new impulse wave could see price break under last week's low @ 0.721. The most likely area of support following a new impulse wave would be near the Monthly S1 @ 0.713