AUDUSD Downside correction Completes Ready For The Next Rally

The AUDUSD has been trading bullish the last few days as what we would consider an impulse move. The correction pattern which is a zig-zag pattern has already formed the A-B wave and will complete the C wave. Price will complete the C wave between the 50 to 61.8 Fibonacci level. The overall view is that we have an impulse to move in the upside direction.