The AUDUSD has broken above its June high, confirming that wave C (as well as the entire rally from the October low) is in its final stages. We have yet to see the degree of weakness from the top that is evident in the EURUSD and GBPUSD but RSI divergence as well as the patterns in the EURUSD and GBPUSD do warn of a reversal. The short term pattern is not clear, but the NZDUSD sheds some light on what might be going on.
