AUD/USD is back testing the Shoulder/Head/Shoulder top neckline near 100. The preferred count is that we are looking at a expended flat correction as red wave ii and soon should see red wave iii to the downside.
Beside the neckline we find the 38.2% retracement target of red wave i at 100.50. So expect strong resistance in the 100 – 100.50 area.
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