On the AUD/USD daily chart, there is a correction towards downtrend.
A break of the resistance at 0.7485 (38.2% Fibonacci retracement level from the last wave) can lead to the continuation of the rally towards 0.754 and 0.76.
In contrast, the rebound can lead to the restoration of the “bearish” trend.
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On the AUD/USD hourly chart, there are senior patterns of the expanding wedge, 5-0, and the minor “Bat” reversal pattern . Target 88.6% from the last downward wave is located near the 0.755 level. There is also the 50% Fibonacci retracement level formed from the last downward wave. If “bulls” fail to test it, it will be a signal for the sales.
Recommendations: 0,755 SL 0,7615 TP1 0,73 TP2 0,715.
Origin: FX BAZOOKA
