AUDUSD Technical Analysis
Looking at the daily time interval, we find the pair moving within a bearish price channel, but the behavior of the bottoms formed in the recent period suggests a possible breach, so we tend to expect more rise for the pair to target 0.7500-0.7560, and by breaching it, it opens the way for a proactive harmonic trading model, which is the shark pattern as it is. Shown to target 0.7900.
While breaking 0.6900 represents a stop loss for the scenario shown <
Looking at the daily time interval, we find the pair moving within a bearish price channel, but the behavior of the bottoms formed in the recent period suggests a possible breach, so we tend to expect more rise for the pair to target 0.7500-0.7560, and by breaching it, it opens the way for a proactive harmonic trading model, which is the shark pattern as it is. Shown to target 0.7900.
While breaking 0.6900 represents a stop loss for the scenario shown <