AUD/USD: the AUD left the downward channel

AUD/USD: the AUD left the downward channel

2019-11-11 • Updated


BUY 0.715 SL 0.7095 TP1 0.725 TP2 0.7275 TP3 0.7335

BUY 0.726 SL 0.7205 TP1 0.7335 TP2 0.738 TP3 0.748

On the daily chart of AUD/USD, the pair managed to leave the downward channel.  To continue the upward movement to the 88.6% target of the “Shark” pattern, bulls need to break above the November high.  


On H1, the pair reached targets of the “Three Indians” pattern. A rebound from the support at 0.715 or a break of the resistance at  0.726 will let bulls continue the rally to 88.6% and 113% patterns of the “Shark”.



British pound breakout soon?
British pound breakout soon?

Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).

What to trade on May 16-20?
What to trade on May 16-20?

Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!

Latest news

What To Trade On May 23 - 27?
What To Trade On May 23 - 27?

Last week blew traders' minds!  The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…

Can a recession be avoided? 
Can a recession be avoided? 

The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession. 

Deposit with your local payment systems

Be on top of your game

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

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