AUD/USD: bulls are acting
Read the article on FBS website
Recommendation:
BUY 0.744
SL 0.7385
TP1 0.7505 TP2 0.754 TP3 0.764
On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern. To succeed, they need to pull the pair out of the downward channel, break the correctional high near 0.7485 and implement the “Bat” pattern with the 88.6% target.
On H1, the “Broadening wedge” pattern keeps forming. The break of the resistance at 0.744 will implement the “Shark” pattern with the 113% target. After that, there are risks of the pullback within the 5-0 transformation.
