AUD/USD is catching a butterfly

AUD/USD is catching a butterfly


BUY 0.7365

SL 0.7310

TP1 0.7435 TP2 0.7465 TP3 0.7565

On the daily chart, AUD/USD is fighting for an important level of 0.7320. It corresponds to the lower border of the previous consolidation range at 0.7320-0.7470. If bulls manage to return the pair above its middle, they will trigger “Shakeout-Fakeout” pattern. Bears are still hoping to trigger an AB=CD pattern with a target at 200%.

AUDUSD D1.png 

On H1, AUD/USD is correcting in line with the “Widening wedge”. If it triggers a “Butterfly” pattern with a target at 127.2%, the risks of a break of resistance at 78.6% and 88.6% of the wave 4-5 will increase.

AUDUSD h1.png


Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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