AUDUSD has recently printed a clear head and shoulders pattern, this alongside with a strengthening dollar may be a sign that this pair is about to sell off. We will look to enter a short position if price is able to break and close below our key area of support at 0.71100.
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.