AUDUSD – The AUDUSD continues to rally impulsively but we maintain that the rally is in its latter stages. Daily oscillators (CCI and RSI) are overbought and divergent with recent highs. Also, the break that occurred at .8000 was from a triangle and triangle breakouts are terminal (meaning that they are eventually retraced). The daily chart below shows the triangle (a-b-c-d-e) and the 5 wave rally that has ensued and RSI. The rally has extended to monthly R1 today, .8279, which is a potential reversal point. The next level is not until R2 at .8410.