Australian Dollar 5th Wave Objective Above .8390

Commentary: The break through short term trendline resistance following the 3 wave correction from .8390 sets the stage for a re-test of .8390 (and likely break above in a 5th wave).

Support should be strong at .8211 and price must remain above .8162 in order for us to remain bulls. We?ll watch the form of the advance and publish bullish targets when price action dictates. Strategy: Bullish now, against .8162, targeting a break above .8390