Aussie Has Room For Much Lower Levels

AUDUSD fell to a new low as expected, so we see prices in wave (5) now that can extend even down to 0.7200 level where we see 38,2% projection of wave (3) distance measured from end of a blue wave (4). As such, there is room for much lower levels for Aussie that can be reached in April. Trend remains down as long as price trades beneath the trendline connected from blue waves (2) and (4).
AUDUSD Daily Elliott Wave Analysis

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