The AUDUSD continues to respect the supporting trendline and as a result, we remain bullish.
The advance from .8952 is likely the final leg of a diagonal that will lead to the major top mentioned in the longer term chart. “The rally from .8952 is wave C of a large 5th wave diagonal that could extend to a measured objective just below 1.00 in coming weeks (.9936).” A bullish bias is warranted against .9290 although price ideally remains above .9486.
STRATEGY: Bullish, against .9486, target .9936
