AUDUSD looks to be bullish at the current moment. The five waves sequence looks to be less clear waves 4 and 1 don't overlap.
The wave (5) might be complete even though it didn't break below wave 3 low which is what is common, but sometimes there is a situation when wave (5) doesn't break below wave 3 low which is namely a Trancation.
Reasoning on why I think wave five is complete when you count the subwaves on the wave (5) it looks to be complete, and it has already traveled about 70-80% which is very substantial for a wave 1 subwaves for wave (5).
The wave (5) might be complete even though it didn't break below wave 3 low which is what is common, but sometimes there is a situation when wave (5) doesn't break below wave 3 low which is namely a Trancation.
Reasoning on why I think wave five is complete when you count the subwaves on the wave (5) it looks to be complete, and it has already traveled about 70-80% which is very substantial for a wave 1 subwaves for wave (5).