FX:AUDUSD   Australian Dollar/U.S. Dollar
44 2 2
There is a lot of data coming out this week on Aussie. My bias is down - Aussie is sitting below mid point pitchfork and bottom of channel. Also HS pattern completed .9462. If Aussie breaks below the channel I would expect first target to be neckline of HS at .9050 range
ForceFollower
2 years ago
An interesting analysis. I think price is going to follow your black up-pointing arrow to hit the median line of your sky blue channel. Although, as you noticed, the coming data releases are an important risk factor in any scenario.
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kate25 PRO
2 years ago
That is what I thought to if it did not break below channel - form a double top
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