AUDUSD
We need a five wave rise on the Aussie from March 24 low, before we may look for an end of an uptrend. We are looking at red wave 5) that is a motive wave, so more gains are expected after the current set-back into subwave 4 which is trading near the interesting zone of support. We think that the  price can rally up to 0.7750 in the next 24 hours.
AUDUSD, 1H
GOLD
Higher Gold prices would also support Australian dollar. On the hourly chart of precious metal we see a sharp three wave decline that has stopped yesterday at 61.8% Fibonacci level. So far it holds very well, but it would be nice to see 1236 break to confirm a new leg up to 1250 and even higher, while 1208 is in place.
GOLD, 1H
