AUD/USD - At strong resistance

The long term count does show, that we have seen a double Zig-zag from the low at 47.73 in 2001 to the 2011 high at 110.80. The break below 99.65 triggered a Shoulder/Head/Shoulder top, which has a target at 87.93, but longer term we should see AUD/USD much lower.
The question is whether we are looking at an "X" wave in a triple Zig-zag or a new low below 47.73.


Zooming in on the last part of the rally to 110.80 we can see, that we are back-testing the S/H/S neck-line (prior it was support now it has become resistance) and should soon see a break below 96.11, which will confirm my long term bearish count.
That said I have one concern. The decline from 110.80 to 96.11 is clearly in three wave and wave "a" and wave "c" is equal in length, but it will take a break above 103.98 to confirm this count and a new rally higher towards 110.80. This count is not my preferred count, but we will have to consider the possibility.