Possibilities on AUDUSD

16 May 2018

We know AUSTRALIAN DOLLAR CURRENCY INDEX (AXY) is doing fine. On our 2-4hour chart, we can clearly see inverted Head and Shoulder forming and I believe there is something like Rounding Bottom forming in the small timeframe like 15-30 which are both bullish reversal chart patterns. It's just a map for trend path and if AUDUSD follows the above Inverted H&S then we know where we should move too!