Update on AUD/USD

As you can see, AUD/USD finished 5 waves up although wave 5 was lagging and couldn't break wave 3. But what's interesting is that the ABC correction retested the previous wave 4 and couldn't break it. We know by now that not breaking the previous wave 4, which is a very critical support level, will push AUD/USD for a new impulsive wave to the upside.

Also if you look at my previous analysis, the DXY also retested the previous wave IV of 3, thus giving us an amazing opportunity to buy back all major currencies such as AUD, GBP, EUR, and others...