(Please click on the chart to see it better)
EUR/AUD:
Wave iv extended to 1.5355 before heading South Again in wave v. I will be looking for a decline closer to 1.5056 as the ideal target for wave v and 1 or A.
Once the target at 1.5056 has been tested, then look for a wave 2 or B correction towards the top of wave iv of one lessor degree at 1.5355. However, I would not be surprised to see wave extend slightly higher towards 1.5391 to end wave 2 or B.
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