AUDUSD. Sell at 0.7335-0.7265

For unknown reasons AUD and CAD are the currencies which are more accurate in following weekly projection lines compared to other pairs. Here we have bearish turning point confirmed by similarity vs Gold curve. Thus, targets for expected decline lay on the end of the 1st quarter of 2021.

Moreover, currents bearish turning point is confirmed by daily time frame Q-Sp projection:

And, what is more important, by annual cycle and seasonal lines, according which expected decline is going to proceed till the end of the year:

Intraday forecast confirm that it is reasonable to look for bearish turn for today for the further decline till the end of the week at least. At the same time there is still a possibility of a new high set.

Take note that all ZZs are bullish. To confirm bearish scenario price, first, needs to breach 0.7254 crucial level and, thus, making this level green ZZ declined.

From EWA viewpoint we have two scenarios which are aligned for the further decline. Price either sets a new high to complete wave c (in circle) and triangle in wave (iv).

OR wave c (in circle) is already accomplished and ending diagonal in wave (v).