Currency analyst

AUD/USD: Aussie stumbled aross the wedge

On the AUD/USD daily chart, the rise towards 0.78 continues. There is a target 88.6% of the inverted pattern "Shark". Former resistance at 0.767 now serves as a key support. If the "bulls" manage to keep the quotes above this level, the chances of the further rise will increase significantly.

On the AUD/USD hourly chart, formation of the expanding wedge pattern creates prerequisites for a correction. If the "bulls" fail to hold support at 0.767, the breach of 0.764 will increase the risk of the downfall towards 0.7585 and 0.755.​


BUY 0,767 SL 0,7615 TP 0,78

SELL 0,764 SL 0,7695 TP1 0,7585 TP2 0,755

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