It is likely that the 📉AUDUSD will drop lower in the near future.
The formation of a head and shoulders pattern, along with a breakout of its neckline after testing a key resistance, indicates a strong bearish signal.
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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.