Currently, AudUsd is at the verge of creating a head and shoulder reversal chart pattern. At this point, it's not wise to hurry into a trade so what I'm going to do is that I'll wait for the price to break the neckline of the head and shoulders (give at least a daily close below the neckline). If the price will break the neckline of the head and shoulders pattern, the move lower will be confirmed. I'll give an update on the pair when the price gets to the neckline, just stay tuned.
