AUDUSD: Pullback Before Resumption!
-Bullish rally extended on Inverted head and shoulders breakout.
-Price hit 0.9280 resistance level, showing pin bars at resistance
-A pullback looks likely for a possible retest of the broken neckline, target near 0.9135.
-A break above 0.9280(daily closing) may negate the pullback scenario extend the upside initially to 0.9349(1.618 extension).
-Full target of the pattern is above 0.9450.
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-Price hit 0.9280 resistance level, showing pin bars at resistance
-A pullback looks likely for a possible retest of the broken neckline, target near 0.9135.
-A break above 0.9280(daily closing) may negate the pullback scenario extend the upside initially to 0.9349(1.618 extension).
-Full target of the pattern is above 0.9450.
Good Luck, Join me @
twitter.com/thefxchannel
thefxchannel.com
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