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IlyaSpivak
Jun 4, 2021 8:32 AM

AUD/USD Set to Complete Topping Pattern? 

AUSTRALIAN DOLLAR / U.S. DOLLARICE

Description

AUD/USD broke below the long-standing 0.7664-91 support zone, seemingly opening the door for a run at the neckline of a large Head and Shoulders topping pattern (0.7564). A daily close below that would imply a measured move lower toward the 0.71 figure. A notable hurdle is eyed near the 0.74 mark along the way.
Comments
xiaoT
For this scene to play out, either US employment growth accelerate or AU recovery deteriorate, not seening this at current stage.
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