AUD/USD: up and then down

AUD/USD: up and then down

2021-01-20 • Updated

AUD/USD has formed a ‘harami’ on the D1 and a higher low on the H4. The pair will likely go up to test the resistance line that connects January highs. There (around 0.7790) will be a great place to sell: it will be the third time the price touches the resistance and a bearish harmonic pattern.

Trade idea for AUD/USD

BUY 0.7755; TP 0.7790; SL 0.7740

SELL 0.7800; TP 0.7750; SL 0.7815

AUDUSDH4.png

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