Corona Virus
Stay Safe, FollowGuidance
Fetching Location Data…
Nenad Kerkez
EUR/AUD Still Neutral but Might Be Setting For an Upmove

Dear Traders,

The EUR/AUD is still neutral but it might be setting for a bullish bounce from the POC zone.

1.6200-20 is the POC zone. If the price makes a bounce above 1.6220 the first target is 1.6278. A 4h bullish close above 1.6280 should make a move to the upside targeting 1.6312 followed by 1.6388. The price will face a strong resistance there as there is a lot of confluence – M H4, W H4, Wizz Lvl 3. We might see an interim selling within the zone 1.6380-1.6400. However a bullish close above should target the highest weekly resistance – W H5 at 1.6517.

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

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk