FX.co ★ AUDCHF M5: Head and Shoulders

The Head and Shoulders pattern has formed on the AUDCHF M5 chart. The head high is at 0.5752, while the neckline passes through 0.5744/0.5744. The Head and Shoulders signals a potential reversal of the uptrend. A break below the lower neckline anchor may confirm the bearish reversal.