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GrizzlyBearBee

Head & Shoulder pattern threatening 2020-21 Aussie gains

Short
Australian Dollar / U.S. Dollar (FOREXCOM:AUDUSD)  
GrizzlyBearBee  
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Beyond Technical Analysis Chart Patterns correction breakout
2
0
trendanalysis beyondta chartpattern correction breakout
A head & shoulders pattern is forming on the weekly time frame. The pair is close to a retest of a resistance zone. Confirmation may force the spot currency to lose gains made last year. Rising US yields will be in focus as it is currently positively correlated to the DXY.

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