AUD / USD breakdown of the insignificant support of 0.7139 suggests that the corrective increase from 0.7003 could already have ended in three waves to 0.7205. Intraday basis returned to decline to support 0.7052. A breakthrough there is likely to resume the entire fall from 0.7295 support through 0.7003. On the other hand, a break of 0.7205 is necessary to confirm the resumption of a rebound from 0.7003. Otherwise, the risk will remain soft on the reverse side in case of recovery.


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