AUDUSD | A Bunch of Bullish and Bearish Patterns...Why?

AUDUSD | A bunch of bullish and bearish patterns

AUDUSD is creating a rare combination of bullish and bearish patterns
at the same time.

As you can see, we have two completed Head & Shoulders and Two Potential Head and shoulders patterns.

All of these are created within a larger pattern.

These are very rare situations and these formations are created when the market is not confident about the next move.

Considering we have the US CPI data today and the FOMC is due tomorrow, it's normal that the market needs a catalyst for the next move.

Thanks and good luck!