AUDUSD moved through 1.0500 swings which means that a wave II pull-back is complete and that a larger uptrend is back in progress again.
The rise from 1.0346 cannot be counted impulsively so we believe that AUDUSD will move much higher in the next few days, maybe even weeks if we consider a possible wave III rise even up to 1.0740 Fibonacci extension level.
However, we always tend to focus on minimum expectations so we expect to see 1.0600 as a first target (1.618 x wave II). But before that level is seen, the pair could proceed in a corrective retracement in blue wave (2) back to 1.0450/60 support zone.
But the pair however, remains in bullish mode as long as 1.0346 holds.