AUD/USD Price Analysis: Bullish Reverse H&S in the making
|- AUD/USD bulls are in charge and are carving out a bullish Reverse Head & Shoulders.
- Current support is fortified with old resistance and the 50% mean reversion level.
As per the prior analysis, AUD/USD Price Analysis: Bulls seek a daily continuation impulse from 4-hour support, the price indeed extended to the upside.
Prior analysis
The current state of play
Reverse Head & Shoulders
A bullish Reverse Head & Shoulders is in the making following the recent price action, adding further conviction to the upside narrative.
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