The Circle X wave correction could be done here at .91512and the sharp decline could be wave A or 1 of the next leg down. I am going with one more small high and another test of the .9200 area before lower.
If we see a 3 wave bounce followed by a break of .8904 then I would look at shorting with a stop above the last Swing High.
AUDCAD 4 HR Elliott Wave Count |