On the AUD/USD daily chart, bulls managed to regain their initiative after a small rollback. Until the quotes fall below 0.75 level, the buyers will remain their control of the pair.
They are determined to push the Australian dollar up towards 0.771. There is a “Shark” inverted pattern.
On the AUD/USD hourly chart, bears are trying to return to the boundaries of the rising triangle. If they fail, then a rebound from the 0.7565 level will be a signal for the formation of longs. In contrast, a break of support at 0.7535 can lead to the correction.
Recommendation: SELL 0,7535 SL 0,76 TP 0,745.
Origin: FX BAZOOKA
