AUDUSD is still in a bearish cycle, but I think we are about to reach critical areas. On the larger time frames there is further room for even more downside to about 0.67 which I have been expecting since late last year (2021), but currently we expect the move lower to at least break the January 28 (2022) low. The 0.67 is between the 50% and 61.8% retracements of the impulsive move higher from the March 2020 low, of which from then we can expect the AUDUSD pair to resume the bullish cycle even going to just above 1.000.
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