Dear Traders, The AUD/USD has formed a bullish zigzag right in the middle of an uptrend move which could expand even further. 0.7135-45 is the POC zone
Dear Traders,
The AUD/USD has formed a bullish zigzag right in the middle of an uptrend move which could expand even further.
0.7135-45 is the POC zone where we see a strong confluence of both now moment and historical bulls. It is additionally supported by an ascending trendline. Targets are 0.7199 and 0.7228. Have in mind that 1h/4h close is needed above 0.7200 for the price to continue with a bullish momentum. Only a drop below 0.7110 might lead to a pure neutral price action while bears have nothing to look for above 0.7065.
The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
