AUD/USD consolidates into interesting pattern

AUD/USD is shaping into a decent technical trade, although it’s probably best to stay out of the way until after non-farm payrolls.

The shorter-term chart has traced out an inverted head & shoulders pattern that will be completed with a break of 0.7850/00. The measured target is close to 0.8100 but it would be invalidated by a fall below support in the 0.7750/25 range.