Aussie setting up for CwH rebound
Updated
For the past several months the Australian dollar / U.S. dollar forex pair has been painting a model Cup-with-Handle pattern. The pattern isn't done forming yet, but if AUDUSD breaks above the handle channel, we expect it to advance nicely.
Order cancelled
Once the handle goes past 50% of the distance from the rim to the bottom, the pattern fails. Better, most likely, to look for a Fibonacci or harmonic setup.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.