AUDUSD - Trend Line Break Triggers Long Opportunity

Aug 13, 2017

AUDUSD has pulled back to a key level of support and last week broke out of the downward sloping trend line. Price looks to be making an Inverse Head and Shoulder pattern and a right shoulder forming on a pullback and re-test of the broken downward sloping trend line could provide a great opportunity to initiate longs up to the next two key areas of resistance highlighted on the chart.