AUDUSD went up to 0.7153 today, where wave (e) might have already completed a triangle in the fourth wave. For a final bearish confirmation, we need a break through in the lower red support line, which will enable wave 5 to fall to a new low. Our Sell Limit orders were filled overnight.
AUDUSD 1h Elliott Wave Analysis
On the Hang Seng Index we also see a completed corrective rally pointing to the lows, which confirms our bearish view for the Aussie as markets have positive correlation.
HSI vs AUDUSD