I am ultimately looking for AUDUSD to break above the .77500 area. Before it does that, I see a couple bearish harmonic patterns (Bearish Bat & Crab) in the same area for a higher timeframe countertrend setup before continuing bullish. I think the Bearish Bat will play out because it is a trend continuation harmonic pattern. If the bat does not play out I will be looking for the crab to complete.