AUD/USD: no one wants to give up

AUD/USD: no one wants to give up

Recommendations:

SELL 0.758 SL 0.7635 TP1 0.75 TP2 0.7455 TP3 0.736

BUY 0.768 SL 0.7625 TP1 0.776 TP2 0.7855 TP3 0.79

On the daily chart of AUD/USD, bulls failed to return the pair to the long-term upward channel. Bears took control, however, an implementation of the Pin Bar shows that buyers of the aussie don’t give up.

audusd_d.png

On H1, the “Shark” pattern with 88.6% and 113% targets was activated. To reach these targets, the pair needs to break the diagonal support. To continue the rally, the pair needs to break the June high.

audusd_60.png

Similar

NZD/USD: bulls stabilize the trend

On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.

nzd

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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