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AUD/NZD Going for Higher Levels

By:
Nenad Kerkez
Published: Feb 19, 2020, 08:48 UTC

The AUD/NZD is targeting higher levels. We should see a continuation move due to ascending scallop pattern.

AUD/NZD Going for Higher Levels

Dear Traders,

The AUD/NZD is targeting higher levels. We should see a continuation move due to ascending scallop pattern.

The market is above W H3 camarilla pivot. A continuation move above should target 1.0488 W H4 camarilla pivot and M H5 1.0492. A close above should make the price spike towards 1.0537 W H5 camarilla. As long as the price is above W L3 1.0400, the market is bullish. Buying the dip continues.

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The Analysis has been done with the CAMMACD.Core and Sit Systems

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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