AUD/USD in a long term Bullish or Bearish configuration?

It has been some time since I have last looked at the Aussie/US-dollar cross, so lets do so now.
I have put together a series of charts below from the long term monthly to a short term 4 hourly chart to try to figure out whats in store for us in the coming days/weeks and months. 

 AUD/USD (Monthly charts) - The upper chart shows the price-action back to 1970 and we can count a very clear five wave decline from the top near 1.50. The lower chart begins in 1974 and shows the count for the decline and the following correction.
From the lower chart we can see that the rally from the 2001 low at 0.4773 has been a double Zi-Zag correction, where wave Y was equal to wave W in length. I don't know the exact top back in 1973, but it looks like it's was near 1.4900. If this is correct, then the decline from 1.4900 to 0.4773 was 1.0127 points. If we calculates the fibo-retracement target 61.8% of this decline we will get 0.6258 points. If we add the 0.6258 point to the 2001 low at 0.4773 we will get a fibo-target at 1.1031, that is just 49 small pips below the high tested in late July last year, adding confidence in the validity of this count. Lets zoom in on the price-action since the 1.1080 high (see the chart below)

 AUD/USD (Daily chart) - From the late July 2011 high at 1.1080 we can see, that all declines and rallies has been in three waves, which tells us that the are corrective in nature. Zooming in on the rally from the June low at 0.9571 it too has become a double Zig-Zag rally. The big question is of cause whether it's over at 1.0445 or we will see a third zig-zag rally higher towards 107 before we will see the next decline. Zooming in to the 4 hourly chart will tell us, where important support is (see the chart below)

AUD/USD (4 hourly chart) - Here we can see the rally from 0.9571 in details. We are interested to find the supports, which tells us that the rally from 0.9571 is over and they are first at 1.0200 and secondly at 1.0096 a break below the later will confirm that a new decline is under way, but how far will this decline go? It depends on whether we are in a bullish or bearish configuration (see the two charts below)

 AUD/USD (Bullish configuration) - The bullish configuration shows, that a triangle is building. Within the triangle we need one more decline in wave "E" to end the triangle followed by a thrust out of the triangle to the upside and the first likely target should be near 1.1450, but we should expect a much higher rally longer term as the most likely count is that this triangle represents and "X" wave calling for yet another zig-zag rally.
If this scenario is the correct one it tells us that Australia will continue to do well for quite some time to come.

AUD/USD (Bearish configuration) - The bearish configuration also shows a triangle, but this time it's a bearish "X" wave triangle. In this case the "C" wave to 1.0445 is likely over for a decline towards the 0.9800 area to end wave "D" and should be followed by a rally in wave "E" towards something like 1.0200 and then a thrust out of the triangle to the downside and a decline towards 0.8545 and likely also lower longer term.

Which scenario is the preferred? Right now is does not matter as we should be looking for a decline followed by a rally in both scenarios.
However if I shall choose I do favor the Bearish scenario over that bullish. We saw a top near the 61.8% retracement target for the decline down from 1.4900 to 0.4773. The two Zig-Zag corrections from 0.4773 is almost exactly equal in length, which also points to a complete correction and does make a decline more likely, than a rally above the 1.1080 high.
However once we sees a break above the triangle resistance-line or below the triangle support-line, that when we get the real clue, what's in store for us.