Here is an update of my AUD/USD chart from earlier in the week. As you can see support at 0.918 has been broken and further downside is expected in a wave 5 to around the 50% Fib at 0.90. A breach of 0.9175 will take wave 4 into the territory of wave 1 and invalidate this count. A low risk scalp would be to set a short at 0.915 with a stop 30 pips away at 0.918. Target 0.903 and move stops to break even to negate and possible loss when feasible.
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