$AUDUSD Head & Shoulders Signals Top - Sell The Neckline

21 באפר׳ 2015

AUDUSD Despite gapping higher on further Chinese stimulus, bulls were unable to take out the head of a Head & Shoulders topping pattern and the neckline was broken late Monday. Pair declined steadily Tuesday on back of a dovish speech from Governor Stevens and RBA minutes. Pair is currently pulling back from the lows and traders will be looking to short the neckline against the right shoulder/Monday's high.