Commodity currencies are in reversal mode, most likely a corrective one that should be made by three waves. For now, we see only one leg down from 0.7593 on Aussie so more weakness is likely to come in wave 4. Ideally a three wave set-back will find support later this week near 0.7390-0.7425 area. If structure will be good, then we could be even considering longs for wave 5.
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