AUDUSD 4 HR Elliott Wave Count
As I mentioned in the AUDJPY update the 7 swings lower could mean some other type of correction is going on here. The circle b wav up could be turning into an expanded flat or there could be an expanded flat in the move down from .69343 highs.
.69343 will be important in this current bounce. IF the pair turns lower again while holding the .69343 high then we could go with the expanded flat in this current move down. Above .69343 then the circle b is probably the expanded flat.
Hope all that made sense.
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| AUDUSD 4 HR Elliott Wave Count |