Aussie keeps falling sharply, but looks like an extended fifth wave ahead of CPI q/q report data later. So, carefully at this stage, because a pullback can be around the corner. However, AUDUSD remains bearish as long as it's below 0.7205 invalidation area.
Aussie is moving sideways since pair turned south from 0.7290 area in February. However, current slow and sideways price move looks like an ongoing correction for wave B) that can either be a triangle or maybe a flat if pair goes to 0.7000 support. But in both cases we see activity from February highs as a temporary setback that should send price back above 0.7300 in weeks ahead.
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