Australian Dollar Trendline Break

With the declines looking impulsive and the rallies looking corrective (3 waves), the path of least resistance in the AUDUSD is now down. Price should come under .8233 fairly soon in order to complete a small degree 3rd wave before a 4th wave bounce.

The break below trendline support last night bolsters the bearish bias. A measured objective is at the 161.8% extension of .8390-.8280 / .8376 at .8198 (potential support).