AudUsd- is it carving the right shoulder?

26 Apr 2021

For almost a year AudUsd has been in an uptrend, with the pair gaining from bottom to top 2500 pips, but more importantly almost 50%.
However, after 0.8 top, the pair started to correct and the price evolution so far this year started to resembles a H&S (INCOMPLETE AND UNCONFIRMED)
A dive back to 0.76 support would give confidence to bears for a deeper correction and, on the other hand, Aussie back above 0.7850 would lead to further gains above 0.8