Inverse Head and Shoulders in play after a nice double bottom at 0.7450. While GBPUSD and EURUSD have melted today and yesterday, AUDUSD has held on to the support level at around 0.7400. I expect price to come back to 0.7650 levels with a potential break of this resistance back up to 0.7750. SL - 0.7445 TP 1 - 0.7650
If we break through the 1.0770 we are potentially looking at a long to 1.0850 The upper TL has been touched more than 5 times now, showing signs of weakness. Although there was a loss of momentum on the bullish run on Monday it seems that we could be regaining this momentum in the coming days as price is currently sitting at support around 1.0710.