- AU has been consolidated for the past month so set your TP's within the range.
- We need to wait for AU to break 0.77000 for a big move to the downside.
- The DXY has created a triple bottom and is showing signs of strength.
- AU has created a head and shoulders on the 4-hour timeframe.
- AU has been bearish since February, my bias is sells.
AUDUSDBearish PatternsChart PatternsshortsshortsetupTrend Analysis

Disclaimer