Looks like AUDUSD is in a bearish sequence of 5-3.
Looks like wave (2) of 3, is terminating near 0.788-0.789 ( which is the 61.8% retracement level of wave (1) of 3 ).
Base on fibo projection, if the area near 0.788-0.789 holds, we should expect wave (3) of 3, to start.
Expected targets with 1.618% expansion would target levels near 0.7435.
Looks like wave (2) of 3, is terminating near 0.788-0.789 ( which is the 61.8% retracement level of wave (1) of 3 ).
Base on fibo projection, if the area near 0.788-0.789 holds, we should expect wave (3) of 3, to start.
Expected targets with 1.618% expansion would target levels near 0.7435.