AUD/USD has been moving in a very narrow range. The ATR for last 14 days is 48 pips and it suggest slow moving price. If the price managed to stay below
AUD/USD has been moving in a very narrow range. The ATR for last 14 days is 48 pips and it suggest slow moving price. If the price managed to stay below 0.7645 that is the ATR projected high and W H3 camarilla, bears would have an upper hand. At this point we might see a rejection from the POC 0.7600-15 ( D H3, 38.2, inner trend line, ATR pivot) towards 0.7570 and eventually 0.7550.
AUD/USD 1H Chart
Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets
