Can AUDUSD Still Drop ?

hi traders:

I have been sharing lots of AUD/NZD USD forecast in the last few weeks. Most of them have not develop or commit to the downside.

This time around, we are finally seeing some bearish development of the price.

We can see price is at the top of the overall price action again, and smaller, lower time frame ascending channel, correcting the price.

We are now see a sharp bearish impulse move, pushing down the price.

Ideally is to wait for the impulse out of correction, follow by lower time frame continuation to confirm further down move.

Thank you

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