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UnknownUnicorn410332
Aug 14, 2016 2:33 PM

AUD/USD Wait For The Pullback Long

Australian Dollar/U.S. DollarFXCM

Description

Chart: Weekly Time Frame
Market: Bullish

Notes:
AUD/USD is showing an interesting descending H&S chart pattern on the weekly chart.
Since price has broken and closed above the neckline from the 8th - 12th of August, we're now looking to enter
long positions on this pair as it pulls back to either the 50 EMA (on the daily chart) or the resistance zone
now turned support between 0.75800 - 0.76200.
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