We wrote yesterday that “the push through .9653 satisfies minimum expectations for the rally from .9327.
Also, the advance is in 5 waves (with an ending diagonal) so a correction, probably back to former support near .95, is expected.” The AUDUSD has slipped, trading to .9511 today. We still expect price to test former support at .9492. The structure of the drop will alert us to the next probable move.
