CANDLESTICK CHART Head and Shoulders chart pattern with breakout on 27/07. Price retested the breakout and held for the next 5 days. Rising momentum since the left shoulder of the H&S pattern Price retested the support yesterday and held.
RENKO CHART Price retraced .764% and starting to head up again. EMA crossover signals increased AUD strength
CONCLUSION Wait for the RENKO chart to display another green block before buying.
PRICE TARGETS S/L Alternative 1: Support at 0.81250 (Obvious S/L area) Alternative 2: 1.5 to 2 X ATR Alternative 3: .618% retracement