AUD USD bearish due to covid lockdown
Descending channel break out due to a new lockdown in Australia and New Zealand (new imported covid cases).
Previous target was achieved much faster than anticipated and current daily candles shows a bear rejection (Shadow) that could indicate some recovery at this point.
New target proposed at 0.6991. Possible Long term Head and shoulder pattern under development (currently ending the neckline and starting the right shoulder).
Previous target was achieved much faster than anticipated and current daily candles shows a bear rejection (Shadow) that could indicate some recovery at this point.
New target proposed at 0.6991. Possible Long term Head and shoulder pattern under development (currently ending the neckline and starting the right shoulder).
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