AUD/USD New Sellers are Waiting at the Confluence

Dear Traders,

The AUD/USD is still bearish. We can see the confluence around 0.6590 zone which might show fresh sellers.

The POC zone 0.6590-0.6620 is clearly bearish and if the price rejects from it we should see a downward continuation. The first target is W L3 – 0.6539 and below the price will be targeting W L4 – 0.6485. However, in order for the price to drop further below a close below 0.6480 is needed. The scenario is valid as long as the price stays below 0.6650.

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