AUD$ appears to be in a channel down in what is proposed to be a Y wave. The current X wave potentially could be completed any day now ( see previous X wave duration ). As of now the short trade is NOT ready to go yet so please don't try to jump in on the top. This huge move down could yield some very nice pips if you pair the AUD with a stronger currency than the USD. I will update this post once the market gives us a setup.