AUDUSD is correcting on the higher time frames in a complex corrective combination with several extensions within.
Nevertheless I see a potential reversal happening soon on lower time frames for a continuation towards 0.80. This might start in the beginning of the week from 0.744 zone. The safest trade will be to wait for the reversal and first impulse of lesser degree before entering long. I will be looking for lower time frame for clues in terms of impulse/consolidation or divergence that a reversal is ahead.
Updates will follow.