The AUDUSD has broken above its June high, confirming that wave C (as well as the entire rally from the October low) is near completion. .8385 (61.8% of the decline from .9856) is a level to watch as potential resistance. Near term, there is the possibility of a drop below .8120 - in which case .7945-.8020 would be potential support (50%-61.8% of .7698-.8344).
