My trading currency pair is EUR/USD, so I don't have much knowledge about EUR/AUD.
Kirsten change your trading pair to EUR USD. This is the best pair that most traders usually trade.
It is a very technical pair which is easy to follow and make consistent profit. try it

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I just watched this video yesterday "The same patterns are showing up on the EUR, the AUD, S&P 500 and several variations on other pairs. A lot of people seem to expect a 5th wave down for a new low on the daily then a big turn to the upside.http://chartblog.blogspot.com/2012/06/wedge-on-chart-reversal-pattern.html" I hope to read your thoughts about this. Thanks