AUD/USD is now making a Major-H&S right shoulder. Its target will be 0.9850/60 area. short-term wave B is coming soon. Then Final wave C leg up into H&S RS. I think the center-purple line (from 0.4822: 2001 Sep.) was cut into half of either way, however it won't be able to recover upto the center-purple line this time due to a strong resistance Wolfe line (red-line from 0.8214: 1996 Dec. ). Therefore a long-term Major-H&S will be working later.