AUD/USD Shows Bearish Momentum

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The AUD/USD is bearish below 0.7205.

After some consolidation in the market, the AUD/USD is back with bearish moves. A drop in GOLD also reflected in the AUD/USD price and it’s going below 0.7205. The continuation below is targeting 0.7190 followed by 0.7169 which is the intraday target. Look for short setups below the point 1 which is the order block.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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