AUD/USD: Aussie wants to go

AUD/USD: Aussie wants to go


SELL 0.7320 SL 0.7375 TP1 0.7220 TP2 0.7195 TP3 0.7130

BUY 0.7465 SL 0.741 TP1 0.7565 TP2 0.77 TP3 0.779

On the daily chart, AUD/USD keeps consolidating in the 0.7305-0.7485 range. A break of its lower border will increase the odds of the decline to 200% target of AB=CD. On the other hand, a successful test of resistance at 0.7485 will open the way up to the targets of “Wolfe waves” pattern.


On H1, AUD/USD is forming a “Broadening wedge”. Its triggering on the break of support at 0.7320 will allow bears to keep pushing the Australian dollar down. On the contrary, an advance above resistance at 0.7465 will open the way up for the pair.



USD/JPY took a blow

USD/JPY formed a big bearish candlestick yesterday that almost engulfed the previous bullish one.

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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