Australian Dollar to Make a New High but Reversal then Expected

Commentary: No change to the Aussie as things are playing out as expected. "With the decline from .8947 clearly a corrective one, we see it as probable that .8947 will be exceeded prior to a reversal.

Impulses are always in 5 waves or derivations thereof (such as 9, 13, 17, etc.). A rally to a new high (even if just a slight new high) above .8947 would satisfy minimum expectations and then lead to a reversal. A large corrective decline should follow (possibly back to .8600)." Similar to the USDCAD, watch closely the calculated pivot resistance (on page 1 table) as well as the .9000 figure. Strategy: Flat