Speculation only. Trade at your own risk.
Watching key levels on AUDUSD nearing a critical support level. I have my eyes on .66 after the pull back however a large upward correction is possible at this level should AUD find the strength to push or the USD finds itself weakening.
Looking for a smaller move down to complete the support in the downward channel before a small pull back to recent SR. This is a simple price-action analysis however bearing in mind that NZDUSD is ranging in its two year low zone. A potential trend up is possible but the Kiwi doesn't seem to be showing enough signs of strength all around right now to justify the move.
Speculation only. Trade at your own risk.
Based on Schiff Pitch Fork, which has been respected on the previous descending channel .