AUD/USD: bears got hungry
Read the article on FBS website
Recommendation:
SELL 0.762 SL 0.7675 TP 0.75
BUY 0.773 SL 0.7785 TP1 0.782 TP2 0.786
On the daily chart, AUD/USD reached 88.6% target of the “Shark” pattern. After that, there was a pullback towards 23.6% of the wave CD. The pair consolidated in the range between 0.7620-0.7735. If the pair leaves this range, risks of realization of 113% target or a correction to the medium-term bearish trend will increase.
On H1, rebound from the current levels will allow the bulls to count on the “Widening wedge” pattern. On the other hand, renewal of October low will point at the further decline.
