Hi Traders

AUDUSD has completed this inverse H&S patter. Price has broken the neckline and appears to be holding above the neckline.

The FOMC interest rate decision tonight is going to be a big determining factor as to whether this pattern does in fact play out.

From a technical stand point I would like to see price hold above the dark blue EMA as well as the other two EMA’s cross above the dark blue EMA.

Happy trading!

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