AUD/USD: AUD is strong again

AUD/USD: AUD is strong again

2019-11-11 • Updated


BUY 0.7195 SL 0.714 TP1 0.7295 TP2 0.7325 TP3 0.748

BUY 0.716 SL 0.7105 TP1 0.726 TP2 0.7325 TP3 0.748

On the daily chart of AUD/USD, after the pair reached the 88.6% target of the "Shark" pattern, a logical pullback happened. Bulls need to break the November high and break the resistance at 0.7325 (61.8% of the longterm upward wave).


On H1, there is a transformation of the "Shark" pattern to 5-0. Pullbacks to 23.6%, 38.2% and 50% of the CD wave usually used to buy. 



US Dollar: A Dump or a Correction?
US Dollar: A Dump or a Correction?

After completing a substantial 4-week bullish rally, the US Dollar closed last week with a big bearish candle, which has led to a 2.63% decline in US Dollar prices. The million-Dollar question on traders' and investors' minds: is this the start of a US Dollar dump or just a correction?

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