AUD / USD is at a turning point. The fourth wave is ending, while the fifth one is beginning to develop. The target is to hit 0.69800, but to do this, short positions must be taken, starting from the current prices.
Since the pair is on the transition to the fifth wave, it is best for traders to open short positions up to the 50% retracement level of the current prices. Set stop loss at 0.0745 and take profit on the breakdown of 0.69800.
This trading idea is based on the price action and stop hunting strategies.
Good luck and have a nice day!
