On the AUD/USD daily chart, bulls are still struggling to fulfill the target 88.6% in the “Shark” inverted pattern.
If they manage to do it, the rally towards 113% target will continue.
The nearest support is located near the 0.7605 level.
On the AUD/USD hourly chart, a successful test of the resistance at 0.769 will allow the “bulls” to push the quotes beyond the consolidation range at 0.7605-0.769. This may lead to the fulfillment of the target 200% in the AB = CD pattern.
Recommendation: BUY 0,769 SL 0,7635 TP 0,779.
Origin: FX BAZOOKA
