AUD/USD Moving Towards Higher Levels

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The AUD/USD is bouncing off the historical zone. Buyers are taking control.

The price is facing the support zone and it should be bouncing off. Historical price action repeats the pattern which is bullish. We can see that buyers showed up exactly in the zone. The first weekly timeframe target is the 0.7500 zone. The final target could even be 0.8000. This is the swing trade in progress.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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