AUD/NZD Head and Shoulders Pattern
AUDNZD could be exhausted from its climb, as the pair is forming a classic reversal pattern in the form of a head and shoulders formation on its hourly time frame.
AUDNZD could be exhausted from its climb, as the pair is forming a classic reversal pattern in the form of a head and shoulders formation on its hourly time frame.
AUDNZD might be done with its slide, as the pair made a couple of failed attempts to break below the 1.0600 region. Price is now…
AUDUSD recently fell back below support around the .6540 mark and is bouncing off the lows around .6488. The Fibonacci retracement tool shows that the…