AUD/USD: bulls are counterattacking
Read the article on FBS website
Recommendations:
BUY 0.7475
SL 0.742
TP1 0.7530 TP2 0.7645 TP3 0.776
On the daily chart of AUD/USD, bears tried to break the important support at 0.7362 (78.6% from the upward long-term wave) three times. The failure of bears signals their weakness and lets bulls hope to implement “Wolfe waves” and “Shark” patterns.
On H1, the “Broadening wedge” pattern is continuing to form. Pullbacks to 50% and 61.8% from the 4-5 wave could be used to buy. The break of the resistance at 0.7475 will pull the pair up.
