AUDUSD - Technical Analysis: Friday, 14/11/2014 17:52 GMT

Forming an inverted head and shoulders’ pattern that has the ability to turn the intraday trading to the upside.

The bullish trend will be preferred for the upcoming period with two conditions: the first is confirming breaching 0.8760, and the second is holding above 0.8650.

Stochastic positivity supports the expected bullish bias.