Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
AUD/USD: bulls are betting on the triangle
Recommendations:
BUY 0.7565 SL 0.751 TP1 0.7665 TP2 0.7775
SELL 0.745 SL 0.7505 TP1 0.737 TP2 0.735
On the daily chart of AUD/USD, there is a consolidation within the bearish trend. A break of upper boundaries of the ascending triangle and the downward channel will implement the “Shark” pattern with the 88.6% target.
On H1, the AUD/USD is moving within the 0.745-0.7565 channel. A successful break of its upper boundary will let bulls to move upwards, a break of the bottom line will pull the pair to the 127.2% target of the “Perfect butterfly” pattern.
Ivan Karamazov
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