AUD/USD: the AUD left the downward channel

AUD/USD: the AUD left the downward channel

Recommendations:

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.  

audusd_d.png

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”.

audusd_60.png

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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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