AUD/USD stalls at key support juncture, eyes on 38.2 % correction – FXStreet

• AUD/USD is held up on the downside at a critical support structure.
• The focus is now on whether the US dollar gives back some ground before completing a 5-wave technical move to the upside.

AUD/USD has been in the hands of the bears all the way to a critical support area and the focus now is on the correction pertaining to the USD.
At the time of writing, AUD/USD is trading at 0.7018 at the start of the new Asian day.
Yesterday’s latest economic data from Australia sho…

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