On the AUD/USD daily chart, bulls have decided to postpone the campaign towards the target 113% in the “Shark inverted pattern. To come up with this idea again they need to push the prices above 0.7703.
At the present moment, the most likely scenario is a development of the correction in case of the successful test of the support at 0.764.
On AUD/USD hourly chart, the expanding wedge pattern has been realized. A return of quotes towards 50% and 61.8% levels of CD-wave allowed opening of the short position. A successful test of the support at 0.764 will increase the chances of the realization of the target 113% in the “Shark” pattern. 
Recommendation: hold the recently formed shorts (SELL 0,77 SL 0,7755 TP 0,76, SELL 0,7665 SL 0,772 TP 0,7535).
Origin: FX BAZOOKA
