FX.co ★ Candlestick analysis of the AUD/USD pair for September 2

AUD/USD keeps uprising. Breaking through 0.9083 and the Fibo correctional level of 61.8 denotes that AUD/USD is targeted to 0.9170.
Earlier on a 4-hour chart the pair has formed a combination of candlesticks Morning Star, thus signaling the uprising movement.
This combination of candlesticks has developed near 0.8770, where the bulls have become stronger and a recoil after falling happened. The ascend is also shown by that the Morning Star is located next to the lower limit of the rising trend (daily chart).
Passing the mark 0.8890 and Fibo correctional level of 23.6 means that this viewpoint is correct.
It is recommended to place the stop orders slightly below 0.8860 as breaking through this level will denote the puncture of the escalating trend.