AU Reversal Points to Potential USD Weakness

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AUDUSD has completed what looks to be a Breakout and, just this morning, a Retest of the Breakout of the Inverse Head and Shoulders Pattern!

An Inverse Head and Shoulders Pattern is a Bullish Reversal Pattern that suggest Bulls have taken over the pair and price will be looking to move to the upside.

Now as long as the "Neckline" of Resistance of the Pattern remains strong and holds price as Support, we could see AUDUSD make a move up to the next Resistance Area!

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