AUDUSD: Head-And-Shoulders

AUDUSD, H4

AUDUSD currently navigates within a head-and-shoulders pattern. The price breached below its ‘neck’ at 0.6270 support and retested it, giving a strong bearish confirmation.

Consider a short trade on AUDUSD, with the target at 1.4450.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Timur Yurdagyul

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