Hi traders,
The AUD/USD has been mildly bearish as we can see from the current PA. However its mostly ranging without any cues of breaking the range. However that might change.
The AUD/USD has formed two POC zones. 0.7120-30 is the first zone as we can see that weekly candle is holding the bulls from a progression. However above 0.7130 there is another POC zone at 0.7135-45. If any of the zone holds we should see a rejection towards 0.7100 and eventually 0.7068. Watch for camarilla pivots and the action around them.
Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
Leave a Reply