Australian Dollar Bigger Picture Due for a Turn

Commentary: Bigger picture, the rally from .7673 is in its 5th wave, indicating that an important top is about to form and that price should come back to at least .8750 (but the potential for a much more significant top is high).

Within the 5th of the 5th (from .8750), it appears that one more high is required (above .9271) before a reversal will occur.

Strategy: Flat