$AUDUSD formed a head and shoulders pattern on the daily chart thus we expect the price to collapse down to a potential zone between .6000-.6100 or lower. Price invalidation of (R) shoulder @ .68 and above. I'm looking for shorts at the moment however due to the impact of GOLD to AUDUSD this might be invalidated depending on the news.
Gold formed a 3 dives pattern on the daily chart thus price may correct or retrace to 1890s level. However due to the weakening dollar and threat of inflation, this might be invalidated if the price broke to 2050 - 2100 thus giving us an extended rally. Im looking for shorts at the moment but also paying close attention to high impact news.