FXA : Aud ETF

Could FXA be in a Wave "c" down to form "A" of A-B-C
Assuming wave "a" takes 4 months and Wave C is 1.613 of A
Then Wave "c" should take 6-7 months
To 80-70 level
ie, by Oct 2012 to Dec2012, FXA could reach 70-80

Technical analysis invalid at 111.

Technical argument for bearishness
. 5 waves of Wave 5
. Price Stochs bearish divergence