AUDUSD Correction in progress

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▶️ AUDUSD has broken the green ascending channel that had been in progress since late April.
▶️ This break suggests wave 1/A likely concluded at 0.66250, supported by bearish RSI divergence on the high.
▶️ Retests of the bottom of the broken channel could offer short trade opportunities.
▶️ The initial high-probability target is the 38.2% Fibonacci retracement at 0.63531, which aligns with the start of the ascending channel.
▶️ A secondary target is the 50% retracement level at 0.62691.

Penafian

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