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AUDUSD corrective structure

Possible ABC continuation but break to the downside from here could invalidate the idea.

Note

USDCAD (inverse of AUDUSD) would be worth watching as well. CAD would likely have to break lower for this idea to continue as outlined here. Also Crude should be watched and it is not looking too bullish at the moment.

Note

Aussie has shown some strength but with elections now out of the way the ~ 0.755 - 0.778 zone becomes critical. Break to either side would imply trend in that direction.

Note

This idea appears to be failing. Support zone is being broken with significant momentum C$ and oil appear to be confirming downtrend in A$. Target ~0.71

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