Please see Yesterday’s techs for the longer term AUDUSD wave count (which explains the diagonal).
The rally from .7673 is the final leg of the diagonal. Each leg of a diagonal unfolds in 3 waves (A-B-C). Wave C of this final leg is from .8512. Objectives for the end of the rally are at .9936 and 1.0238. We’ll attempt to identify a bullish entry on a dip below .9391.