AUD/USD: Aussie made a halt

AUD/USD: Aussie made a halt

2019-11-11 • Updated

AUD/USD: Aussie made a halt

Recommendations:

BUY 0.812 SL 0.8065 TP 0.822

BUY 0.805 SL 0.795 TP1 0.815 TP2 0.822

SELL 0.8005 SL 0.806 TP 0.79

On the daily chart, AUD/USD “bulls” attempted to activate pattern AB=CD with a target at 127,2%, that failed. If Aussie comes back to the support level at $0,805, there will be risks of a pullback in the direction of $0,799 and $0,79.

AUD1.png  

On the hour chart, if AUD/USD falls below the support line in 0.8005, it will activate a pattern “Widening wedge”. On the other side, a hit of the support level at 0.8120 will be a sign the bullish trend’s resumption.

AUD2.png

Similar

AUD/USD  is looking badly
AUD/USD is looking badly

AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.

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