Australian Dollar Giving Way to Wave 5?

[B]Commentary:[/B] The Aussie is in an interesting position right now. The advance from .7673 has stalled at the 38.2% of .8661-.7673. The rally is also in 3 waves so it is possible that a 4th wave is complete or close to complete at .8065.

A drop under .7673 would complete 5 waves down from the top (.8870) and give scope to a large correction higher. [B]Strategy:[/B] Flat