Trends of the Australian pound in the short term

The Australian pound is trading within a negative Wolfi wave combination on a 4-hour frame and currently we expect the pair to rise to the levels of Point No. 5 of the Wolfi model at 1.9460: 1.9450 and then fall from these levels by targeting point No. 6 of the model, which is considered the equilibrium point of the model and its ultimate goal at the levels of 1.9120 . The stop level for the upward wave should be closing below the levels of 1.9130, while the appropriate stop for the opportunity to sell from Point No. 5 of the model is closing above the levels of 1.9530 .