Short: AUDUSD - next leg down?

AUDUSD appears to be in it's next leg down - racing towards 200 EMA target of at least .7515 and possibly has ltos of room for further downside after that...

Trade active:

AUDUSD Hourly Chart:

Trade active:

Target of 200 EMA on Daily chart about to be met. Took partial profits and moved SL to profit zone.

Was a turbulant ride down, however, it was somehow bound to come down. Was in a slight upward channel for a while.

Has more downside to go - trade with caution..

Comment:

Trade closed manually:

AUDUSD did go down in 2 trend-line channels, however the bigger move upwards came up after the US Fed interest rate decision.

Even though the interest rate was increased, USD weakened due to a dovish comment/tone by Yellen/Fed..