AUDUSD recently reversed down from the resistance area lying between the resistance level 0.69750 (top of the previous minor correction (a) from the middle of June) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the (c)-wave of the earlier ABC correction B. Given the moderately bearish Australian dollar sentiment seen across the FX markets today – AUDUSD is likely to extend the losses in the active impulse wave C toward the next support level 0.68150 (low of the previous short-term correction (b)).