Markets remains slow in tight ranges for the last 48 hours, but it appears that we may see some short-term breakouts today. On the Aussie dollar/U.S. dollar (AUD/USD) currency pair, I am still involved on the short side and looks like that new leg down can be in the cards for a drop to around 0.7410 with subwave five, where the pair can be looking for some support, maybe next week.
AUD/USD, 1-hour