Inverted Head & Shoulder's Pattern on the AUDUSD 4h Chart

30 Okt 2018

AUD/USD Technical Analysis: Inverse head-and-shoulders breakout above 0.71 mark on the 4H Chart could confirm the Price to Further Move toward s the 0.7150/0.7200 Area. At the Present time, the S&P 500 futures are reporting a 0.55 percent gain. Which makes it more likely to Break the Neckline of this Pattern. 0.7161 is also the 1.168 Fibonacci extension area. The Price is also peeping above the 21 day Moving Average.