Today we decide to show the fundamental background for AUD/USD setup that we've discussed few days ago. Actually many currencies show reversal patterns now, but Australia has better chances to succeed due its great fundamentals:
AUD/USD July 12, 2022 daily video
our long-term AUD H&S pattern scenario is coming to culmination. We intend to watch for 0.6550-0.6650 area as the one where AUD potentially should make attempt of reversal or moderate bounce.
AUD stands accurately with the long-term setup that we're tracking. If market forms no new tops in April, we expect downside action to 0.66-0.67 area in mid term perspective. Daily traders could use current top as vital point for short positions: