On the AUD/USD daily chart, there was a breakout of the lower boundary of the long-term upward trading channel.
It shows that the control of the market was turned over to the “bears”.
“Perfect Butterfly” pattern tells us that the quotes may fall to 0.744. There is 127.2% target.
On the AUD/USD hourly chart, the formation of the expanding wedge pattern has been completed. The rise of prices towards 23.6% (0.7575), 38.2% (0.7615) and 50% (0.7645) levels formed from the 5.4 wave can be used for opening short positions.
Recommendations:
SELL 0,7575 SL 0,7630 TP 0,744,
SELL 0,7615 SL 0,767 TP 0,744,
SELL 0,7645 SL 0,77 TP 0,744.
Origin: FX BAZOOKA
