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AUD/USD Strong Bearish Trend Should Have Another Rejection if POC is Reached

By:
Nenad Kerkez
Published: Oct 3, 2019, 11:20 UTC

Dear Traders, The AUD/USD strong bearish move after the RBA cut the rates should continue. As I warned many times, selling on rallies should continue.

AUD/USD Strong Bearish Trend Should Have Another Rejection if POC is Reached

Dear Traders,

The AUD/USD strong bearish move after the RBA cut the rates should continue. As I warned many times, selling on rallies should continue.

0.6750-60 is the POC zone where we should see fresh sellers. I am watching the zone for another short trading opportunity. We can also spot an inner trend line that has been broken. A continuation below should target 0.6716 followed by 0.6697 and 0.6661. Only above 0.6802 the price might turn bullish. Selling the rallies should continue but have in mind that the pair is a bit slow, making only 47 pips daily on average.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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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