AUD/USD: bulls are betting on the triangle

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.

audusd_d.png

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.

audusd_60.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.

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