Hello traders, today i'd be sharing my breakdown on AUUDUSD. I'm currently bearish on this pair, haven seen the market given off a daily timeframe heads and shoulder pattern. We're therefore looking to go short from the structures forming at shoulder 2 with a profit target at around 0.67XX. This is possible because of the strength the DXY should hold now that Fed Powell has stated that interest rate hike is not impossible in the coming months to combat inflation .
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