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AUD/USD Bullish Zone is Holding

By
Nenad Kerkez
Published: May 3, 2021, 09:25 GMT+00:00

The AUD/USD is making 1-2-3 bullish pattern at the weekly and daily support zones and slightly above the ATR projection low.

AUD/USD

The AUD/USD is making 1-2-3 bullish pattern at the weekly and daily support zones and slightly above the ATR projection low.

0.7705-0.7720 is the zone where buyers should show up. 1-2-3 pattern is holding and bouncing off the camarilla weekly and daily levels. We should see the upward price movement towards W H3, D H5 and W H5. Intraday targets are 0.7740 snf 0.7765 while the swing target is 0.7840. Swing target only comes into play if the price closes the day above the intraday target.

For a look at all of today’s economic events, check out our economic calendar.

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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