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AUD/USD: confirmed 'Thorn' pattern

AUD/USD: confirmed 'Thorn' pattern

Information is not investment advice

The last pullback from the Moving Averages led to form a new local high, so there's a 'Thorn' pattern, which has been confirmed. In this case, it's likely to have a local correction towards the nearest support at 0.7151 - 0.7147. This area could be a starting point for another advance in the direction of the next resistance at 0.7198 - 0.7206.

15-4-2019-AUD-USD-H4.png

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AUD/JPY is in the downtrend since the start of the year. It was capped on the upside by all the three important moving averages on the D1.

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