AUD/USD - Directly lower or is a larger triangle unfolding?
As long as important resistance at 0.7525 holds firm, we could still a direct break below minor support at 0.7425 indicating a direct decline to 0.6667 and longer term closer to the 0.6000 - 0.6100 area.
If, however resistance at 0.7525 is taken out, then a larger triangle is expected. This count calls for more upside closer to 0.7625 before the triangle consolidation is complete and a impulsive decline lower towards 0.6667 and lower should be expected.
No matter, which of the two scenarios that proves to be correct, the final outcome, will be a break lower.
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