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Please see Yesterday's techs for the longer term AUDUSD wave count (which explains the diagonal).  

The rally from .7673 is the final leg of the diagonal.  Each leg of a diagonal unfolds in 3 waves (A-B-C).  Wave C of this final leg is from .8512.  Objectives for the end of the rally are at .9936 and 1.0238.  We’ll attempt to identify a bullish entry on a dip below .9391.