rejjr7

Head and shoulders during the next two days in AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
We may see a head and shoulders pattern form during the next two days. It may take longer due to reduced trading volume during the holiday. I'm expecting to see the Aussie fall for the next 12 hours until it reaches 6883, with a rebound to bounce off resistance at 6900. Then I believe we will see lower lows forming during the lead up to the potential rate cut decision on June 4th.
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