Quite simply, Elliott analysis is all about 5’s and 3’s. 5 wave movements are in the direction of the larger trend. In the case of the AUDUSD, a 5 wave decline is visible (at this point) from .9541. A corrective rally from near current levels would confirm that a top (possibly a major one) is in place at .9541. Be sure to check the technicals next week for updates to the short term pattern.