Having posted a 76.4% pullback with the 01 July highs AUD/USD now seems to be forming a head and shoulders top with a neckline at .9334, notes CitiFX Technicals. "A similar pattern, albeit larger, formed in November last year and saw a sharp move lower in AUDUSD on a break below supports," Citi adds. "In addition the 55 day moving average stands at .9348. A close below this .9334-48 range, if seen, would suggest a fall in AUDUSD towards .9155-60," Citi argues. "Such a fall if seen would take it below the .9197-.9210 support area (Horizontal trend lines and 200 day moving average) which has held since April this ... (full story)