AUDNZD has retested the 1.075 resistance zone.
It has formed a Double Top just like the previous time.
Price is now at the neckline of the double top.
When markets open, price may gap up and then go down to fill the gap.
A bearish movement down to the area of the first shoulder will then most likely occur.
From there, it may complete the Head and Shoulders, but for now I await a bearish movement.
It has formed a Double Top just like the previous time.
Price is now at the neckline of the double top.
When markets open, price may gap up and then go down to fill the gap.
A bearish movement down to the area of the first shoulder will then most likely occur.
From there, it may complete the Head and Shoulders, but for now I await a bearish movement.
