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.

Ross J Burland FXStreet

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.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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