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 Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam