AUD/USD: bears regain their strength

AUD/USD: bears regain their strength

On the AUD/USD daily chart, bears try to return quotes to the borders of the downward channel. If they succeed, the risks for the restoration of the downward trading channel will increase. In contrast, the rebound from the diagonal support may result in the development of consolidation.

On the AUD/USD hourly chart, there is a struggle for an important level of 0.7425. If bears wrestle the bulls down, the Australian dollar will move lower towards 0.7365 (target 161.8% in the "Crab" pattern). The Bulls' win may result in the return of quotes to the resistance at 0.774.

Similar

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...

gbp

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

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