In light of recent DXY strength off a major , An AUDUSD play is an important setup as the DXY approaches 100.
- Deceleration on the over the past 3 months
- indicating oversold (Converging)
- Retesting a 4 year downward sloping .
-Forming the Right shoulder to the head & shoulder pattern.
-Retesting the horizontal S/R line at 0.7600
Suggest setting an entry below 0.7600 to stay safe