AUD/USD is aiming high

AUD/USD is aiming high

2019-11-11 • Updated

Recommendation:

BUY 0.8015, SL 0.7960, TP1 0.8100 TP2 0.8200

BUY 0.7965 SL 0.7910 TP1 0.8100 TP2 0.8200

On the daily chart, AUD/USD returned to the uptrend after the consolidation. The pair keeps aiming to 0.8200. As long as it’s trading above 0.7965, bulls are in no danger. The main strategy is to buy Aussie on the pullbacks to the downside.

AUD.png

On H1, AUD/USD has made the “Spike and Ledge” pattern on the basis of 1-2-3. The pair aims for the 200%target of AB=CD. The nearest support levels are at 0.8015 and 0.7965.

AUD2.png

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