AUD/USD is breaking wedges
Read the article on FBS website
Recommendation:
SELL 0.7320 SL 0.7375 TP1 0.7265 TP2 0.722 TP3 0.7120
BUY 0.7470 SL 0.7415 TP1 0.7540 TP2 0.7640 TP3 0.776
On the daily chart of AUD/USD, the attempt of bulls to trigger a “Bat” pattern and lead the pair out of the downtrend channel failed. Bulls seized the initiative and will try to take a cue from the triangle and trigger the AB=CD pattern.
On H1 of AUD/USD, bears want to finish formation of a violet “Broadening wedge” pattern and resume the downtrend. Bulls, on the other hand, are still hoping to form the red “Broadening wedge”.
