Aussie had a tiny correction, and the current move doesn’t look like anything yet, it should be only one part of a bigger structure, and only after a nice long term corrective structure can identify it with a higher probability.
It’s not in a good place for trade, but we are expecting the signs of starting a short term down move as shown on the chart
We believe that a corrective structure has started and it can make a pattern as shown on the chart.
Still is in the same structure, short term expecting a down move to break/touch the line, and then as shown on the chart, the up move is expected
The previous analysis is still valid and as forecasted it seems wave 4 is completed and soon we should see signs of an impulse for the price action to get out of the corrective structure and start the 5th wave.
The trade is still active and its stop-loss moved to profit, just above the local trendline.
The forecast has shown on the chart, plus 2 low and lower possibilities.