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AUDUSD Head & Shoulders

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Dollar Australia / Dollar AS (OANDA:AUDUSD)  
Brienen-Analytics  
OANDA:AUDUSD   Dollar Australia / Dollar AS
Trend Analysis AUDUSD aud audusdshort
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trendanalysis audusd aud audusdshort
AUDUSD has formed a massive head and shoulders pattern on the 240M and 60M timeframes.

There was a large spike that appeared to invalidate the pattern and trend, however the positive aussie news was reversed during NY sessions this morning. Downtrend appears to be in tact.

Watch for a break of the major support for sells.

Aussie bias is bearish.
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