AUDUSD - Next Wave Down

Having completed a 1:0.618 retracement back to 0.382 from the top AUDUSD has broken across the trend line and should now head down to the next 0.618 extension @ $0.689.

See you there.

Komen:

Price forming a more complex correction, breaking back through the trendline and finding support. From here it could respect the wedge shape and collapse back down - RSI suggests that is probable, or it could break up further to test the previous breakdown trendline to hit a 1:1 ABC fib @ $0.7316 for to form a WXY that I have drawn on the chart.