AUD/USD is still unfolding the 4th Primary Corrective Wave (red).
Intermediate A & B Waves (green) have been confirmed, Wave B (green) has completed as a Flat Correction, thus, giving a good Bullish Indication towards the Intermediate C Wave (green) towards the Bullish Correction to be finalized.
Intermediate Wave C (green) is expected to have a 5 Waves Structure (as per the Flat in B). So far we are looking at the completion of Minor Wave 1 (black) and then a Retracement.
Levels to watch for Longs:
0.75400 & 0.73000
Target:
0.81700