Recently, the AUD/USD pair has been trading sideways at the price of 0.7300. Anyway, according to the H1 time – frame, I have found confirmed intraday head and shoulders pattern (bearish), which is a sign that sellers are in control. I also found a hidden bearish divergence on the MACD oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. The downward target is set at the price of 0.7252.
