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Head & Shoulder pattern threatening 2020-21 Aussie gains

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Dólar Australiano/Dólar Americano (FOREXCOM:AUDUSD)  
GrizzlyBearBee  
FOREXCOM:AUDUSD   Dólar Australiano/Dólar Americano
Trend Analysis Beyond Technical Analysis Chart Patterns correction breakout
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trendanalysis beyondta chartpattern correction breakout
A head & shoulders pattern is forming on the weekly time frame. The pair is close to a retest of a resistance zone. Confirmation may force the spot currency to lose gains made last year. Rising US yields will be in focus as it is currently positively correlated to the DXY.

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