Commentary: With the rally from .9106-.9400 in just 3 waves and with the decline from .9400 appearing impulsive, evidence favors labeling the down, up, down sequence from .9342-.9106-.9400 as an expanded flat, with wave C of that flat currently in progress.
As such, it is our contention that price will drop below .9106 before the Aussie finds good demand.
Strategy: Bearish now, against .9400, target TBD (below .9106)