FX:AUDUSD Australian Dollar/U.S. Dollar
See chart. We are forming a inverse head and shoulder/hammer at the 0.93273 area. Look for movement to the upside.
Hi Garuty, as you can see we have made a nice retracement. This pair is in a sideways/uptrend. Based in this sideways movement we can conclude that we can buy on dips and sell on rallys. The price has finally reached saturation and now creating a inverse head and shoulders pattern. We need to close above 093273 and that will rectify a strong bullish move higher. Keep in mind AUD interest coming out later today so be on the look out. For me that is a high probability this pair should continue higher. Lets see what happens.