AUD/USD: bulls got comfortable

AUD/USD: bulls got comfortable


BUY 0.7715

SL 0.7660

TP1 0.7850 TP2 0.8025.

On the daily chart, AUD/USD keeps moving up to 161.8% target of the inverted “Crab” pattern. The nearest support levels are close to 0.7750 (historical level) and 0.7715 (previous high). As long as the pair is trading above the convergence area of 0.7715-0.7750, bulls will remain in control.


On H1, there are “Three Indians” and “Spike and ledge” patterns. The decline below the line of “Three Indians” will increase the risks of correction towards 0.7715/0.7725.





USD/TRY has moved sharply down this week falling to the support line since the end of November.

Trade ideas for gold

The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.

Latest news

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