$AUDUSD– Wedge
Currently the cross is @ 1.0055 . We are building a descending wedge pattern which is bearish for the cross. We expect a continued move of the 5th wave through to the S5 @ 0.9974. We should bounce there back to the 1.0118 area. Should it not break the 1.0055 support look for one more push to the upside and 1.0102.