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AUDUSD Undergoing A Bearish Reversal

Aussie is currently making a sharp decline from around the 0.7749 level, where a possible top for wave C) of E may have been found. This sharp decline is a confirmation that the previous five wave rise within wave C) is completed and that a minimum three wave reversal may now be in the cards. At the moment we see price sharply declining into wave 3, that may extend its weakness towards the 0.7539 region.

AUDUSD, 4H

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