AUDUSD completing H&S / ready to breach trendline
AUDUSD has been tracing out a long H&S pattern for months. Very well defined.
Ready to cross trendline.
Projected downside is territory not seen since the early days of COVID. So perhaps another knee-jerk government reaction / shutdown is in the cards, or Mandatory Vaccine Passport, or similar. Australia's summer of discontent perhaps.
Ready to cross trendline.
Projected downside is territory not seen since the early days of COVID. So perhaps another knee-jerk government reaction / shutdown is in the cards, or Mandatory Vaccine Passport, or similar. Australia's summer of discontent perhaps.
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Disclaimer
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.