Nice little head and shoulders forming on AUDUSD on the hourly time frame. AUDUSD is looking for a retracement after it's continuous bearish run. Price has reached a daily support and is currently forming a head and shoulders formation. If we can break the previous hourly highs then i could see price rally up to 0.67750. Intraday targets are the 61.8% extension with the duplication of the head and shoulders lying right on that completion.