On the AUD/USD daily chart, bears managed to return quotes to the support at 0.7605. A breakout of this support can lead to the correction towards the 0.754 level.
Alternatively, a rise of prices above the 0.7665 level can lead to the restoration of the trend and fulfillment of the target 88.6% in the “Shark” inverted pattern.
On the AUD/USD hourly chart, there is a consolidation within the uptrend. A successful test of the support at 0.7605 will allow Aussie to return to the 0.7515-0.7605 range. To restore the “bullish” trend buyers need to raise quotes above the resistance at 0.769.
Origin: FX BAZOOKA
