The pair is expected to decline.

Supposedly, the fifth wave of senior level (5) continues to form. Apparently, the third wave of junior level 3 of (5) is developing now.  If this assumption is correct and the price does not break the critical level 0.7648, it's logical to expect the pair to decline to the levels 0.7500-0.7400

Trading tips

Sell the pair from corrections below a level of 0.7648 with a target at 0.7400.

Alternative scenario

Breakout and consolidation above the level of 0.7648 will allow the pair to continue rising to a level of 0.7930.

AUD/USD: wave analysis

AUD/USD: wave analysis

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