AUD/USD: the AUD may recover

AUD/USD: the AUD may recover

Recommendation:

BUY 0.713

SL 0.7075

TP1 0.723 TP2 0.733 TP3 0.741

On the daily chart of AUD/USD, the pair is close to the 0.6975-0.7 convergence. It’s formed by the 88.6% level of the upward long-term wave and the 127.2% target of the AB=CD pattern. If the pair reaches the support, it will increase odds of the rebound.

audusd_d.png

On H1, “Three Indians” and “Wolfe waves” patterns keep forming. The fall of the pair in the Sweet Zone with the following resume above the level of the “second Indian” may become a signal to buy.

audusd_60.png

Similar

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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