The bearish outlook that we have focusing on is still valid.
“With 5 waves down from .9541 and a 3 wave rally potentially complete at .9506, at least one more bear leg is expected for the AUDUSD. The minimum objective is below .9290 and risk is at .9506. This is roughly a 1:1 reward/risk ratio at the current juncture but if the decline does materialize, there is the possibility that it extends whereas risk is set at .9506.” Move risk to .9479
STRATEGY: Bearish, against .9479, target below .9290