AUDUSD- potential long bias

٢ مايو ٢٠٢٠

Price impulsively moved down from the correction of wave 5, for the possibility of the ABC correction before continuing the up trend to the levels highlighted in the top blue box.However it should be noted that at the end of the ABC correction we could see a head and shoulders pattern play out so we need to monitor price level around 0.64464 for the potential breakdown break down of price.