AUD/USD: the "Australian" approached Rubicon

AUD/USD: the "Australian" approached Rubicon

Recommendations:

SELL 0.7475 SL 0.753 TP1 0.741 TP2 0.734

BUY 0.7545 SL 0.749 TP1 0.7635 TP2 0.7745 TP3 0.7815

On the daily chart of AUD/USD, after the pair reached the 161.8% target of the “AB=CD” pattern, it started consolidating within 0.7465-0.7565. The break of its bottom line will let bears continue the sharp decline to 200%, 224%, and 261.8% targets.

audusd_d.png

On H1, there is an implementation of the “Spike and ledge” pattern within the correction to the downtrend. A successful break of the upper boundary of the 0.75-0.7545 consolidation will increase risks of the pullback.

audusd_60.png

Similar

EUR/USD: euro may update highs

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with expanding channel Tenkan-Kijun.

eur

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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