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FX618Analysis

AUDUSD: INVERSE HEAD & SHOULDER PATTERN COMPLETE ON 4H CHARTS

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
FX618Analysis  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators AUDUSD aussie RBA DXY Trend Lines LONG Parallel Channel
1
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trendanalysis chartpattern indicator audusd aussie rba dxy trendline long parallelchannel
AUDUSD is has completed an inverse head and shoulder pattern on 4H TF. Now it has set firm sight on the next high at 0.73400 which also happens to be an upper end of a descending parallel channel on daily TF.

Strong concrete support lies at 0.7000 monthly support.

snapshot

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