AUD/USD: the AUD may recover
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Recommendation:
BUY 0.713
SL 0.7075
TP1 0.723 TP2 0.733 TP3 0.741
On the daily chart of AUD/USD, the pair is close to the 0.6975-0.7 convergence. It’s formed by the 88.6% level of the upward long-term wave and the 127.2% target of the AB=CD pattern. If the pair reaches the support, it will increase odds of the rebound.
On H1, “Three Indians” and “Wolfe waves” patterns keep forming. The fall of the pair in the Sweet Zone with the following resume above the level of the “second Indian” may become a signal to buy.
