Based on the daily time frame, AUDUSD has formed a head and shoulders pattern over the last six months. Just last week, the neckline was broken and yesterday (05/30/2023) the candles formed a bearish engulfing sell signal after a successful test and rejection of the neckline. I'm looking at a measured move target of 0.6000, but at the same time I'll be watching the 0.6170 area which is the previous swing low.