Hello traders:
AUDUSD has been in a bearish trend from the top.
We see the price reversed from the HTF rising wedge structure, and we can clearly see strong bearish impulses and corrections to push the price down.
Latest price action shows us another LTF bearish impulsive move, and now a continuation correction form.
Either we can expect this is all the correction the price needs to break down lower and pass the previous lows to show further downside potential,
or
a bigger correction could form here, but still a bearish continuation after it completes.
Thank you