Saxo Group Videos

Saxo bank's Head of FX Strategy John Hardy is looking at shorting AUDUSD as the key head and shoulders neckline approaches near 0.9250

John says "USD strength is broadening, with USDJPY breaking higher and the AUD reversing hard to the downside versus the US dollar." This latter development has John on the lookout for a break lower through a compelling head and shoulders formation in the AUDUSD chart, with a short trade now, including thoughts on where to place the stop and the possible target, as well as where traders might consider adding to shorts.