Australian Dollar .8664 Reversal Point

[B]Commentary[/B]: No change to the Aussie. "Bigger picture, the decline from .8870 is the beginning of larger wave 4 within the 5 wave rally from .7268. Over the next several weeks, the AUDUSD could decline to the former 4th wave at .8162. Wave A of the decline ended at .8458 and wave B is underway now.

Wave B is unfolding as a flat. The last leg of the flat is unfolding now and we are looking for an extension to above .8615 before wave C of the correction brings price much lower. A potential reversal point is .8664 (50% of .8870-.8458). [B]Strategy[/B]: Look to get bearish in .8664/.8713 zone, against .8870, targeting below .8443