AUD/USD: the AUD strengthens

AUD/USD: the AUD strengthens

2019-11-11 • Updated

Recommendation:

BUY 0.734 SL 0.7285 TP1 0.744 TP2 0.748 TP3 0.757

On the daily chart of AUD/USD, the gap-up of the week occurred. If bulls manage to hold the pair higher than the support at 0.7325 (61.8% from the upper long-term wave), the odds of the implementation of the AB=CD pattern's 200% target will increase.

audusd_d.png

On H1, if the pair makes a reversal towards the 0.7340 and 0.73 supports with the following rebound it will signal about opening long positions towards at least the 200% target of the AB=CD pattern. It will comply with the 0.748 level. 

audusd_60.png

Similar

AUD/USD  is looking badly
AUD/USD is looking badly

AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.

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