AUD/USD: Aussie is looking for a bottom

AUD/USD: Aussie is looking for a bottom

Recommendation:

BUY 0.7200

SL 0.71450

TP1 0.7285 TP2 0.7325 TP3 0.7390

On the daily chart, AUD/USD reached an important support at 78.6% of the long-term wave and 200% target of AB=CD. The fact that the pair entered the convergence area increases the risks of a pullback to the downtrend. A break of support will open the way down to 0.6975.

AUDUSD daily.png 

On H1, AUD/USD is now able to form “Wolfe waves” pattern. To trigger it, the pair has to return to the previous consolidation range of 0.7165-0.7225 and trigger a “Shakeout-Fakeout” pattern.

AUDUSD h1.png

Similar

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera