AUDUSD is going down this year?

In this pair we can identify the possible major Elliott wave impulse pattern unrolling down (blue circles). In the smaller pattern degree you can see middle of the impulse pattern unfolding with in the wave 3 (red ones). Major level of 0.8 is broken down and retested from below. Supportive trend line (connecting monthly close prices) is broken too, but not yet tested (it is possible to see test of this line with in the end of major impulse pattern wave 4. Second supportive trend line (connecting monthly lowest wicks) is broken and retested too (previous month candle closed above the line, but this candle could not make new higher high as pin bar 3 to the left, so last one is considered as reversal doji with a strong move down this month). All time low to high Fibonacci retracement level 61.8% coincide with lower trend line. If market will close below 0.7 as this month ends, we could see trend continuation down into next support levels.
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