Technical analysis of AUD/USD 05/17/2024

The AUD/USD currency pair at (1D) is trading in an upward movement.

The pair broke through the resistance of 0.6630 (neckline) and formed the “Inverted Head and Shoulders” technical pattern.

The technical picture suggests continued growth as the pattern is worked out with a target of 0.6870 (high 2023).

The key support is the level 0.6630.


Created by Joshua Hayn

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