The possibility of growth remains.

On the daily chart, the ascending third wave of the higher level (3) is being constructed, within which the downward correction has completed as the second wave 2 of (3) and wave 3 of (3) is being formed. At the moment, the local correction as the second wave of the lower level ii of 3 has ended and the third wave iii of 3 has begun, and wave (i) of iii is also developing. If the assumption is correct, the AUD/USD pair will rise to the area of 0.6727–0.6870. The level of 0.6461 is critical and stop-loss for this scenario.

The AUD/USD pair is declining, trading at 0.6575 and continuing the development of the “bearish” corrective trend formed yesterday after a retreat from the local highs.

Against a weakening American dollar, the AUD/USD pair is correcting, trading at 0.6598 under the pressure of macroeconomic statistics from Australia.

The AUD/USD pair shows multidirectional trading dynamics, holding on in the area of 0.6617 and local highs of March 8, updated the day before. The pressure on the American currency last Friday was provided by April statistics on the US labor market.

On the daily chart, the AUD/USD pair resumed growth from the area of 0.6400 (0.0% retracement) and rose to 0.6570 (38.2% retracement), but cannot consolidate above it yet. If successful, the movement will be able to continue with targets 0.6625 (50.0% retracement) and 0.6675 (61.8% retracement). The key level for the "bears" is 0.6505 (23.6% retracement) supported by the center line of Bollinger Bands, the breakdown of which will act as a catalyst for reaching 0.6400.