Dear Traders,
The AUD/USD has formed a consolidation pattern at the trend line and ATR pivot. We should see the continuation of uptrend.
Amidst slow market conditions, the AUD/USD is slow but its trending. Looking at the chart, we can see how the trend is shaped up, and we could expect a continuation of the move up. Targets are 0.6480 and 0.6523. For the price to reach the level, it should be held above W L3 0.6372. If the pair breaks below, this scenario is likely to fail.
The analysis has been done with the CAMMACD system.
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
Leave a Reply