AUDUSD prices have recently depreciated substantially amidst a bearish impulse. As part of an ABC correction in wave (2) (or (B)) of Ⓐ, the 5-wave move will end in the short-term. This is due to both impulse waves (i) and (ii) having completed their structures. Now, only the (iv) is left to complete. Regardless of whether the last wave may extend, immediate support lays at 38.2% of the retracement level of (1) (or (A)), near $0.7050. Should prices continue to slide, bears are likely to face some bullish pressure at the said level.If bulls hold firm, this could cause a reversal as the probabilities of the ... (full story)