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According to M5, AUDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.7020/0.7019 is broken out, the instrument is likely to move toward 0.7034. The M5 and M15 time frames may have more false entry points.
FX.co ★ AUDUSD M5: Inverse Head and Shoulder
Signal strength 1 of 5
AUDUSD M5: Inverse Head and Shoulder
According to M5, AUDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.7020/0.7019 is broken out, the instrument is likely to move toward 0.7034. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade