AUD/USD – Double Top or Head & Shoulders Reversal? (Video)

The AUDUSD pair has dropped 0.77 levels. Is it poised to extend the sell-off? Oanda Senior Market Analyst, Craig Erlam takes note of the bearish reversal patterns – Double top and a slanting head and shoulders – on the AUDUSD daily chart.

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.