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AUD/USD Bears are Here

By
Nenad Kerkez
Published: Jun 17, 2021, 09:25 GMT+00:00

The AUD/USD is bearish. Bears are strong and I expect a bounce off the resistance once the price gets to any of the zones.

AUD/USD

We can spot 2 POC zones. The first one is close to 0.7650 and it is also supported by the order block. Another one is higher 0.7730-50 and we could see a rejection if the price gets there. There is also a trend line supporting the move down. Targets are 0.7620 and 0.7590. Bullish move resumes if the price closes above 0.7795.

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Cheers and safe trading,

Nenad

 

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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