The correction from the October low is still underway. The AUDUSD has broken through the 200 day SMA and is at its highest level since early October. Short term Fibonacci support begins at .7323 and extends to .7139. The rally from .6953 is wave v of C and an objective is .7630 (which is where wave v of C would equal wave i of C). This is close to the 50% of the decline from .9822.