AUD/USD: no one wants to give up

AUD/USD: no one wants to give up


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.


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.



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