Technician

AUDUSD Reaches Full Upside Target, Consider Shorts Now

FX:AUDUSD   Australian Dollar / U.S. Dollar
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Previous Analysis in the related ideas below

-Bullish rally extended on Inverted head and shoulders breakout.
-Price hit 0.9280 resistance level , showing pin bars at resistance
- pullback was shallow towards 0.9200
-The price broke above 0.9280 confirmed 0.9337 and 09445 upside targets.
- I prefer to look for short entries now, as price was rejected at 0.9445 resistance, we will probably see further downside correctional bias, targeting 0.9300 area.
- Note that the Full target of the IHS             pattern is near the 0.786 retracement at 0.9522.

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I like this idea a lot, but looking at AUDJPY I still think there is more upside there.
JPY weakness or one more rally in AUDUSD? It's going to be interesting to follow.
Good luck!
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Technician traderWgun
I am just looking for a pullback to 0.9300 for now, to the upside 0.9525 is the next target.
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exactly
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