The AUDUSD advance is tracking our preferred count, confirming that the decline from .9653 was corrective and that the pair is likely headed to a new high.
“The rally from .8952 is wave C of a large 5th wave diagonal that could extend to a measured objective just below 1.00 in coming weeks (.9936).” Remain bullish as long as price is above .9327 but traders may wish to lighten up on a move through .9566 (shown above). This could complete a 1st wave and give way to a correction that comes back to at least .9492.
STRATEGY: Bullish, against .9402, target TBD (lighten up on a push through .9566)