Australian Dollar Drops Like a Rock

[B]Commentary:[/B] The idea that the Aussie would bottom near .8162 and head higher was certainly wrong as the AUDUSD has plummeted below .8000. The decline from .8661 needs to undergo a small correction before registering a new low, after which a larger correction in wave 4 would offer bears the opportunity to act.

[B]Strategy:[/B] Flat