AUD/USD Support Break Beckons Next Leg of Bearish Reversal

AUD/USD is on the verge of confirming a break of major support clustered around the 0.74 figure, opening the door for downward extension to test the 0.7222-44 zone. That would mark the next major leg in a move realizing the implications of a Head and Shoulders top carved out since the start of 2021. The setup implies a measured move down to the 0.7120-30 area.