{"id":6931,"date":"2021-04-23T07:40:00","date_gmt":"2021-04-23T06:40:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=6931"},"modified":"2021-04-23T17:57:55","modified_gmt":"2021-04-23T16:57:55","slug":"audusd-technical-analysis-head-and-shoulders-could-be-invalidated","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/","title":{"rendered":"AUDUSD Technical Analysis &#8211; Head and shoulders could be invalidated"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6931\" class=\"elementor elementor-6931\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b325b90 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b325b90\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b68a0c5\" data-id=\"b68a0c5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7bb3d4f elementor-widget elementor-widget-text-editor\" data-id=\"7bb3d4f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The Australian dollar is looking increasingly comfortable above the 0.7700 level against the US dollar as commodity prices remain well-bid, and the greenback is back under pressure versus most of the major currencies.<\/p><p>Commodity-related currencies, such as the Australian dollar, could be about to continue their recent bulls trends, especially with <a href=\"http:\/\/bit.ly\/2ZsFzPL\" target=\"_blank\" rel=\"noopener\">precious metals<\/a> and <a href=\"https:\/\/bit.ly\/3v4reZb\" target=\"_blank\" rel=\"noopener\">oil<\/a> looking more bullish on the fundamental front. The <a href=\"http:\/\/bit.ly\/2yFD0hu\" target=\"_blank\" rel=\"noopener\">AUDUSD<\/a> pair could in fact be poised to test back towards the 0.8000 level as selling interest towards the antipodean currency wanes.<\/p><p>Next week\u2019s inflation report from the Australian economy, and the FOMC interest rate decision are likely going to be the big market movers for the AUDUSD pair. More dovish commentary from the FED bodes well for the Aussie, and risk-on sentiment.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-55bca01 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"55bca01\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ccc45e4\" data-id=\"ccc45e4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-62046ff elementor-widget elementor-widget-image\" data-id=\"62046ff\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"624\" height=\"285\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/04\/Picture1-2.png\" class=\"attachment-large size-large wp-image-6937\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3ac55bd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3ac55bd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6c19ea6\" data-id=\"6c19ea6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-da83e31 elementor-widget elementor-widget-text-editor\" data-id=\"da83e31\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Looking at the inflationary outlook for Australia, the Reserve Bank of Australia reaffirmed their commitment to maintaining highly supportive monetary conditions until at least 2024, when CPI inflation is close to the central banks 2 to 3 percent targets.<\/p><p>It is important to note that the Reserve Bank of Australia expect CPI inflation to rise temporarily, because of the reversal of some COVID-19 related price reductions. This could show up in next week inflation report, as parts of Australia are recovering, and boost the AUDUSD pair.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c7cd266 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c7cd266\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-42579c5\" data-id=\"42579c5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a66b284 elementor-widget elementor-widget-image\" data-id=\"a66b284\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"624\" height=\"289\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/04\/Picture2-2.png\" class=\"attachment-large size-large wp-image-6939\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fb49f37 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fb49f37\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-93341f7\" data-id=\"93341f7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-922953f elementor-widget elementor-widget-text-editor\" data-id=\"922953f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Business confidence also spiked sharply last month and is approaching some interesting levels, as can be seen on the chart above. The advent of COVID-19 has caused under investment in the mining sector, which is a global phenomenon, in that this is widespread across most commodity producing nations.<\/p><p>Should we see another super cycle in commodities emerge, this would be hugely beneficial to the Australian dollar, and particularly the AUDUSD pair, as commodity prices are likely to increase significantly. It is noteworthy that the AUDUSD surged above parity during the last commodity super cycle.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ddd0425 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ddd0425\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-85957eb\" data-id=\"85957eb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9554339 elementor-widget elementor-widget-image\" data-id=\"9554339\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2yFD0hu\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"301\" height=\"109\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/04\/audusd-chart.png\" class=\"attachment-large size-large wp-image-6938\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4c2837a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4c2837a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7276b0e\" data-id=\"7276b0e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c556d9f elementor-widget elementor-widget-text-editor\" data-id=\"c556d9f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>According to the ActivTrader market sentiment tool some 41 percent of traders are bearish towards the AUDUSD pair. Considering that we typically look to fade retail sentiment, it is probably not the perfect time for the Aussie to rally right now.<\/p><p>The AUDUSD pair has a notable price behaviour, in that it tends to trend sharply when it picks a price direction. Price pattern across various time frames is showing the path ahead right now, and when a trend may start.<\/p><p><strong>AUDUSD Short-Term Technical Analysis<\/strong><\/p><p>The four-hour time frame continues to show that a relatively small head and shoulders pattern is in play, although bulls and bears continue to battle around the neckline of the negative price pattern.<\/p><p>According to the overall size of the head and shoulders pattern the AUDUSD pair could reach the 0.7650 level in the short-term horizon.<\/p><p>It is possible that bulls could invalidate the bearish price pattern. Buyers need to rally the price above the 0.7815 level to invalidate the pattern, and prompt a counter-rally towards the current yearly high.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b965fd0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b965fd0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dae4f1b\" data-id=\"dae4f1b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-21ea6e8 elementor-widget elementor-widget-image\" data-id=\"21ea6e8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2yFD0hu\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"624\" height=\"340\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/04\/AUDUSD-4H-1.png\" class=\"attachment-large size-large wp-image-6940\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4a8c2d7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4a8c2d7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0fb94a0\" data-id=\"0fb94a0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f338736 elementor-widget elementor-widget-text-editor\" data-id=\"f338736\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2yFD0hu\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ce48d04 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ce48d04\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b806ff2\" data-id=\"b806ff2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-711af20 elementor-widget elementor-widget-text-editor\" data-id=\"711af20\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>AUDUSD Medium-Term Technical Analysis<\/strong><\/p><p>Looking at the daily time chart, a large head and shoulders pattern has formed, following the recent bearish move towards the 0.7600 support level.<\/p><p>According to the overall size of the bearish price pattern, the AUDUSD pair could be about to drop towards the 0.7050 level.<\/p><p>AUDUSD traders should be aware that sellers have been struggling to ignite the pattern, and we are now seeing an attempt potentially invalidate this pattern. A move above the 0.8000 level could cause the AUDUSD pair to surge towards the 0.8500 level.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fb0fad7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fb0fad7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b3fef45\" data-id=\"b3fef45\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2bd8d1 elementor-widget elementor-widget-image\" data-id=\"c2bd8d1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2yFD0hu\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"624\" height=\"340\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/04\/AUDUSD-1D-1.png\" class=\"attachment-large size-large wp-image-6941\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-709a738 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"709a738\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a8dd073\" data-id=\"a8dd073\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-17d21d9 elementor-widget elementor-widget-text-editor\" data-id=\"17d21d9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2yFD0hu\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Australian dollar is looking increasingly comfortable above the 0.7700 level against the US dollar as commodity prices remain well-bid, and the greenback is back under pressure versus most of the major currencies. Commodity-related currencies, such as the Australian dollar, could be about to continue their recent bulls trends, especially with precious metals and oil [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[52,45,244],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AUDUSD Technical Analysis - Head and shoulders could be invalidated - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AUDUSD Technical Analysis - Head and shoulders could be invalidated\" \/>\n<meta property=\"og:description\" content=\"The Australian dollar is looking increasingly comfortable above the 0.7700 level against the US dollar as commodity prices remain well-bid, and the greenback is back under pressure versus most of the major currencies. Commodity-related currencies, such as the Australian dollar, could be about to continue their recent bulls trends, especially with precious metals and oil [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-23T06:40:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-23T16:57:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/03\/GettyImages-1137545339.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"504\" \/>\n\t<meta property=\"og:image:height\" content=\"297\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"AUDUSD Technical Analysis &#8211; 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Commodity-related currencies, such as the Australian dollar, could be about to continue their recent bulls trends, especially with precious metals and oil [&hellip;]","og_url":"https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2021-04-23T06:40:00+00:00","article_modified_time":"2021-04-23T16:57:55+00:00","og_image":[{"width":504,"height":297,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/03\/GettyImages-1137545339.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"AUDUSD Technical Analysis &#8211; Head and shoulders could be invalidated","datePublished":"2021-04-23T06:40:00+00:00","dateModified":"2021-04-23T16:57:55+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/"},"wordCount":586,"commentCount":0,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["AUDUSD","Covid-19","RESERVE BANK OF AUSTRALIA"],"articleSection":["Forex"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/","url":"https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/","name":"AUDUSD Technical Analysis - Head and shoulders could be invalidated - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2021-04-23T06:40:00+00:00","dateModified":"2021-04-23T16:57:55+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/audusd-technical-analysis-head-and-shoulders-could-be-invalidated\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"AUDUSD Technical Analysis &#8211; Head and shoulders could be invalidated"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. 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