AUD/USD: let's buy the AUD
Read the article on FBS website
Recommendation:
BUY 0.715
SL 0.7095
TP1 0.724 TP2 0.727 TP3 0.734
On the daily chart of AUD/USD, bulls have been trying to implement the “Shark” pattern and pull the pair to its 88.6% target. At first, they need to break the resistance at 0.7107 (78.6% from the long-term upward wave) and pull the pair out of the downward channel.
On H1, there is the “Three Indians” reversal pattern. If the pair breaks the resistance at 0.715, the “Shark” pattern will be implemented. Its 88.6% and 113% targets are at 0.727 and 0.734 respectively.
