Australian Dollar Nearing .8700

[B]Commentary[/B]: There is no change in our outlook for the AUDUSD as the our count is tracking nicely. "The AUDUSD continues to chop higher in the 5th wave (of a 5 wave rally that began at .7415) of the 3rd wave ( of a 5 wave rally that began at .7268).

The pair may continue to extend towards where wave v (from .8162) would equal wave i of 3 (.7415-.7979) at .8726. A wave 4 decline is eventually expected to bring price back to .8162 (or close to it) before larger wave 5 completes the advance from .7268." [B]Strategy[/B]: Flat