AUDUSD is in a position to see a weekly uptrend.
If a correction trend line is drawn after the first rising impulse and continues, it can be a weekly rising wave.
If the rising impulse fails, the overall pattern is a monthly correction, so a deep decline is expected.
Watch the market reaction after the first bullish impulse.
The bottom is the monthly correction trend line, and as a new weekly correction trend starting line is expected, it is judged that there is a high possibility of an uptrend.
good luck.
If a correction trend line is drawn after the first rising impulse and continues, it can be a weekly rising wave.
If the rising impulse fails, the overall pattern is a monthly correction, so a deep decline is expected.
Watch the market reaction after the first bullish impulse.
The bottom is the monthly correction trend line, and as a new weekly correction trend starting line is expected, it is judged that there is a high possibility of an uptrend.
good luck.