Hi all. I think there is still one wave up to finish wave C (of the corrective ABC that I think AUDUSD is doing - yellow circles -). The 76% retracement level was rejected yesterday but I think we will test it again (probably making a new higher high). Then I think we'll begin a major downside move. Momentum is diverging with price (price has been making new highs while losing momentum). I guess it will take just a few more days to complete this ABC (if I'm right about the ABC).
Cheers
MarketInvestor
Cheers
MarketInvestor