Possible Head and Shoulders Top

AUDUSD could finally have seen the interim top with the high of last week showing strong rejection from the Daily 200 SMA. It is also quite possible that this can turn out to be a small head and shoulders with the neckline @ 0.746. In such a scenario, we can expect the right shoulder to form just above the weekly pivot @ 0.751. The eventual target would be 0.737 with an extended move heading even lower towards support at 0.722 to 0.729