AUD/USD: the AUD strengthens

AUD/USD: the AUD strengthens

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

aud

Similar

How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

Latest news

Deposit with your local payment systems

Learn more

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.

Callback

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 00:30:00

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