AUD/USD: will Aussie make a stop?

AUD/USD: will Aussie make a stop?


SELL 0.7810 SL 0.7865 TP1 0.7735 TP2 0.768

BUY 0.7900 SL 0.7845 TP1 0.7990 TP2 0.8050 TP3 0.8120

On the daily chart, AUD/USD bulls want to resume the uptrend. To do it, they need to conquer resistance at 0.7885-0.7895. On the other hand, the inability of buyers to push the pair above support at 0.7810 will increase the odds of triggering 5-0 pattern.


On H1, bulls took the initiative after AUD/USD formed a “Widening wedge”. At the same time, a decline below 0.7812 will create grounds for correction.




Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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