I believe you need a basing pattern before the HS reversal will form. To me, this is not a basing pattern - looks more like bear flag.
The AUD is a metals currency or yen/euro hedge, plus there is a nice Potential double top forming at 0.804+ area.
WT's channel is your best guide at this stage. Stay with the trend, try not to pre-empt. Plenty of value just in these moves without looking for a rainbow
... just my 2c worth