AUD/USD Beautiful Formation

Beautiful formation for AUD/USD. Looking at the Daily Chart, you can see that AUD/USD finished 5 waves up and now it is retesting the previous wave 4 with its ABC correction, and you know that according to the Elliott Waves Principle, the previous wave 4 is known to be a very critical area that's why I am expecting the price to retrace from this area towards the 38.2% Fibonacci Retracement (0.77329) before continuing its way down for more downside to retest the Big Previous Wave 4 on the Grand cycle (weekly chart) as the Dollar is showing great upside momentum possibly reaching 93.50.

If you've been following my analysis, you know that I've been waiting for these big corrections on all major currencies that are against the Dollar so that when the Dollar finishes its correction towards maybe 93.50, we can finally rebuy all major currencies, as the Dollar will continue its way down for new lows.