AUSUSD

Break of 1.0624 should send Aususd through 1.0852 to retest 1.1079 The pair remains on the downside as fall from 1.0597 is expected to continue to 1.0344 support. correction rise from 1.0148 should have already finished at 1.0597. Break of 1.0344 will confirm this bearish case and target 1.0148 support and below. Above 1.0476 will dampen this immediate bearish view and could bring another rise to above 1.0597. But again, choppy rebound from 1.0148 is viewed as a corrective move and should be limited below 1.0624 and bring reversal,Fall from 1.0624 is viewed as the last leg inside the pattern and could extend lower. But downside of the fall from there should be contained above 0.9588 and the larger up trend is ready to resume soon.