On the updated chart of AUD/USD we are looking at a higher degree wave E taking place, with price specifically trading in the final wave C) of this complex correction. As we can see, pair made a nice break higher last week after wave B) triangle found a base at 0.7550 area. As such pair is now in final stages of a corrective advance so be aware of a limited upside this week, ideally near 0.7700.
AUDUSD, 4H
