AudUsd has climbed much higher since the fake or faile Head and shoulder pattern.
Well the pattern is correct. 2 Shoulders and 1 head. However, price has broken the neckline
but has instead of retesting the neckline and continue down to target of Head to Neckline projection it has continued bullishly.
More upside is expected as long as prices stay above the triple band moving averages.
The current trend should be a final 5th wave which is still in the early stage of formation.
Current levels is last peak proximity.
Some resistance should be expected.
But trend is still UP.
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