Nice little head and shoulders forming on AUDUSD on the hourly time frame. AUDUSD is looking for a retracement after it's continuous bearish run. Price has reached a daily support and is currently forming a head and shoulders formation. If we can break the previous hourly highs then i could see price rally up to 0.67750. Intraday targets are the 61.8% extension with the duplication of the head and shoulders lying right on that completion.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.