The AUD/USD pair continues the formation of the impulse wave of the 4th order from the level 1.0231. It includes the sub-wave A of the 3rd order from 1.0449. The corrective sub-wave B goes from this level.
If the correction continues the descending movement, then the nearest support levels will provide two correction grids: one for the sub-wave A of the 3rd order 1.0231-1.0449, and the other for the whole movement 1.0145-1.0449 (waves A-B and current C).

Support levels:
- 1.0366 = 38.2%
- 1.0340-33 = 50% and 38.2%
- 1.0314 = 61.8%
- 1.0297 = 50%
- 1.0261 = 61.8%

But in case the pair breaks down the level 1.0449 which is the top of the wave A of the 3rd order in the wave C of the 4th order, then the upper targets will provide expansion grids 1.0145-1.0377-1.0231 (A and B of the 4th order), 1.0231-1.0449-1.0354 (A and B of the 3rd order).

Resistance levels:
- 1.0463 = 100% expansion
- 1.0489 = 61.8%
- 1.0572 = 100%

Direction of deals: BUY-deals are recommended as long as the pair keeps the position higher than 1.0354, the support level formed during the yesterday’s American session.

Wave levels (marking):
1st order (the lowest) – dotted line
2nd, 3rd order and higher – line weight 1, 2 etc.
The same is for Fibonacci grids.