November 01, 2011 9:40:37 AM by
Peter
Aud/Usd 1 Hour Chart
Monday, 31 October 2011 at 5:35:00PM AEST
From a technical point of view, any larger bearish reversal remains unconfirmed, because decline is in three waves, so it could be corrective move as well, which is trying to find the base around 1.0500. A rise back above 1.0654 and overlap with wave (a)/(i) will put this pair back to bullish mode.

Forex AUDUSD Elliott Wave - TradingLounge