The bearish outlook that we have focusing on is still valid.
“With 5 waves down from .9541 and a 3 wave rally potentially complete at .9506, at least one more bear leg is expected for the AUDUSD.The minimum objective is below .9290 and risk is at .9506.This is roughly a 1:1 reward/risk ratio at the current juncture but if the decline does materialize, there is the possibility that it extends whereas risk is set at .9506.”Move risk to .9479
STRATEGY: Bearish, against .9479, target below .9290
