As EURUSD edges down to the support levels we had on for weeks, my attention turns to the Aussie, which so far has not convincingly retraced his D1/H4 gains against the dollar. The way I see it, Aussie should soon follow the downside too (as I also expect the recent abrupt drop in EURAUD to pause at least for a while).

Here’s what I see for short-term (with possible trading setup soon to be confirmed). Looking forward to hearing your thoughts!