AUD/USD - Waiting for Confirmation: Inverted Cup and Handle Patt

15 ott 2024

AUD/USD - Waiting for Confirmation: Inverted Cup and Handle Pattern

AUD/USD is showing a variation of the Inverted Cup and Handle pattern.

This pattern looks promising and, from a fundamental perspective, is supported by the likelihood that the FED may avoid aggressive interest rate cuts.

For the price to push down further, it needs to move below the support zone of the pattern, which is located near 0.6700, as indicated on the chart.

You may find more details in the chart!
Thank you and Good Luck!

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16 ott 2024

Nota

AUDUSD - almost reached target one

16 ott 2024

Trade chiuso: obiettivo raggiunto

17 ott 2024

Nota

AUDUSD - What's Next?

After reaching the first target, AUDUSD faced a bullish move driven by better-than-expected RBA employment data.
However, the structure zone near 0.6700 halted the price, increasing the odds of a downward movement.
The targets are the same as before is AUDUSD moves down again 0.6665 and 0.6635

22 ott 2024

Trade chiuso: obiettivo raggiunto

AUDUSD - Target 1 reached for the second time based on the update above:)