AUD/USD is playing hide-and-seek
Read the article on FBS website
Recommendation:
BUY 0.7840, SL 0.7785, TP1 0.7990, TP2 0.8050
BUY 0.7805 SL 0.775 TP1 0.7990 TP2 0.8050
On the daily chart, AUD/USD is undergoing a correction to the uptrend. Bears are trying to return the pair to the inside of the uptrend channel. At the same time, bulls remain in control, so there’s a reason to use the pullbacks to the downside for opening long positions.
On H1, AUD/USD broke the lower border of an uptrend and triggered the “Bat” pattern. Its target is at 88.6% of XA wave. It allows determining an important support.
