AUDUSD, start of a wave pattern?

AUDUSD has spiked into the 0.694 range several times last week on the 4h. I'm waiting for a pullback either to the 0.69 (more bullish bias) or further to the 0.687 range before heading up again. Likewise a break and re-test of the 0.694 range will give me incentive to go long.