Description
⋅ Pattern- Bullish BAT pattern
AUD/USD has recovered till 0.7831 after making a low of 0.77498. Short term trend reversal can happen only if it breaks below 0.7750.
On the downside below 0.7750 it can reach till 0.7695/0.7645.
It is facing short term resistance around 0.7850 and any break above could pave way for next target around 0.7925/0.7950.
Indicators (4 hour chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy
Recommendation: Buy AUD/USD around 0.7800, SL 0.7750, Targets 0.7925/0.7950.