AUDUSD came out of a triangle as expected so it represents final leg down of a higher degree trend. If that is going to be the case then bears will slow down and bulls will wake up soon. Our attention would be on a five wave bounce to confirm a low in place. Under such scenario even AUDJPY would be very interesting if USDJPY would continue higher at the same time.
AUDUSD, 1h
AUDJPY, 4h
