On december 23. I wrote that wave iii was finished and that wave iv ideally should reach the 89.19-89.33 area, this area was overshoot in early Europe trading, but wave iv should be close to its top. Wave iv can't go above the bottom of wave i at 90.50, if that happens my count is wrong, therefore every tick above 89.33 is a low risk possiblitity to once more short AUD ag. USD with a 90.55 stop.
Wave iv should decline to at least 86.83 and possibly 85.94, but when wave iv has finished we can draw the wave 2-4 channel helping us figure out where wave v will end.
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