With the formation of the inverted head and shoulders on the 4 hour chart (
), we can see the formation of the reverse pattern on the daily chart.
I estimate the pair drops below 8970 stops where available for sale, 4-hour chart run for the bottom and begin a large-scale correction of the Australian currency. This should also contribute to conversations about inflation in the U.S. which is still that all the silence after the annual injections of liquidity exceed injections in the last 10 years.
So Long from 0.8960-0.9 with a stop below 0.8920.
I estimate the pair drops below 8970 stops where available for sale, 4-hour chart run for the bottom and begin a large-scale correction of the Australian currency. This should also contribute to conversations about inflation in the U.S. which is still that all the silence after the annual injections of liquidity exceed injections in the last 10 years.
So Long from 0.8960-0.9 with a stop below 0.8920.