I believe for AUDUSD we are currently in Wave 2 in the Major Timeframe. Within the Major Wave 2 which seems to be unfolding as a ZigZag Structure we seem to be in its Leg C. Within that Leg C we are in its final wave down which is Wave 5(Leg C). After the next down move i expect this pair to be very Bullish till further notice. Always wait for breaks outs and confirmations before entry. Good Luck
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