Commentary: There is no change to the AUDUSD pattern. “The decline from .9399 could be just an a-b-c decline. This is suggestive of a resumption of the uptrend and eventual rally through .9399. The other count is bearish and suggests that an a-b-c flat correction is unfolding from .8753. In either case, price is expected to exceed .9068.”
However, keep in mind the longer term pattern we showed last week. That pattern argues for a top of significant proportion to form in the next few weeks.
Strategy: Bullish, against .8653, target TBD