There is no reason to alter the count that treats the rally from .8923 as wave 3 within the 5 wave advance from .8874. We wrote yesterday that “this is a very bullish count and the AUDUSD could really accelerate now, especially since the pair has broken through .9100.” The acceleration has taken place and the next objective is a 161.8% extension at .9262 (fairly close to current level). The move looks extended so bulls should lighten up their position. Initial support is at .9182.
STRATEGY: EXIT
