AUD/USD is playing hide-and-seek

AUD/USD is playing hide-and-seek

2019-11-11 • Updated


BUY 0.7840, SL 0.7785, TP1 0.7990, TP2 0.8050

BUY 0.7805 SL 0.775 TP1 0.7990 TP2 0.8050

On the daily chart, AUD/USD is undergoing a correction to the uptrend. Bears are trying to return the pair to the inside of the uptrend channel. At the same time, bulls remain in control, so there’s a reason to use the pullbacks to the downside for opening long positions.


On H1, AUD/USD broke the lower border of an uptrend and triggered the “Bat” pattern. Its target is at 88.6% of XA wave. It allows determining an important support.



AUD/USD  is looking badly
AUD/USD is looking badly

AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.

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