AUD/USD had already hit wave Major-2 at 2nd Double bottom (0.6827). It had also breached Pink, Black, and Brown Resistance lines. Especially Breaching Brown line (0.4824(2001.9/17w)--0.6006(2008.10/27w)) means a complete bullish Recovery. Since 0.6827, wave counting is still top pf wave 3 at 0.7835(Apr. 21). wave 4 is almost finished (it should be holding above Brown line). This initial wave 5 will be reaching beyond 0.8000.
I would say AUD/USD had started its long-term upward trend.