AUDUSD ANALYSIS FOR THE WEEK
AUDUSD was ranging in the past two weeks and price show a strong daily resistance at 0.78000-0.78200 (which is a psychological level too), and seems that it is not able to break it and forming a triple top.
If we expand the view to the daily bar chart, AUDUSD is about to complete a head and shoulders pattern.
For this week we are looking for short setup, and waiting for a valid breakout of 0.77000 structure.
However, we could see retest at 0.77300 or 0.77500 before falling.
If we expand the view to the daily bar chart, AUDUSD is about to complete a head and shoulders pattern.
For this week we are looking for short setup, and waiting for a valid breakout of 0.77000 structure.
However, we could see retest at 0.77300 or 0.77500 before falling.
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