I don't "do" Elliott Wave much, but it sure looks like the possible start of a wave 5 up on AUD/USD. On the hourly chart the last week's price action has the form of an ABC correction making up the longer term wave 4. The first target would be in the 7800 neighborhood. I'm not predicting, just anticipating. The ABC correction has also formed a nice symmetrical triangle. A break above 7600 would be compelling. Here's a pic: