Welcome to this analysis about AUDUSD and the 2-day timeframe perspectives. As I discovered AUDUSD in recent times is developing a massive decisive formation that will determine the upcoming establishments in a profound manner. Therefore as when looking at my chart we can watch there how AUDUSD is forming this huge gigantic head-shoulder-formation with the left shoulder and the head already completed. Now as AUDUSD proceeded with this it is continuing with the right shoulder which is likely to complete the whole formation which will happen with a breakout below the neckline as it is shown in my chart, such a breakout will be the origin for further continuations to the downside and will activate the lower target-zone within the 0.64 USD level marked in blue, once this level has been reached it has to be shown if AUDUSD manages to reverse in this structure or just sets up for a bearish continuation to the downside, it will be an important and interesting development ahead.
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Information provided is only educational and should not be used to take action in the markets.
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ANALYSIS UPDATE: AUDUSD continued with the completion of the whole head-shoulder formation to emerge with a massive bearish pullback breaking out below the boundaries.
AUDUSD since finalizing the whole head-shoulder formation reached all of the target-zones within the schedule.