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FREE ANALYSIS ON AUDUSD - HEAD & SHOULDER PATTERN?

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FX:AUDUSD   澳元/美元
FREE ANALYSIS ON #AUDUSD

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15 Min
MACD & RSI both supporting a bearish divergence. Expecting some minor bearish move

1 HOUR
Price just hit the 200 MA and was rejected. Also hidden divergence on MACD found. Expecting some down

4 HOUR
Possible Head and Shoulder pattern is being formed. Price Finally broke upwards of the 100 WMA.

OVERALL
Things are starting to look bullish for AUDUSD as price broke out of all 3 MA's on the 4hr chart. assuming this does complete the H&S pattern then we will see price reach a new high of around 0.71990.

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