AUD/USD Weak USD Might Boost the AUD

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

The AUD/USD is going up as the USD weakened after the FED meeting yesterday. Technically it’s the zone where buyers are.

0.7344-0.7420 is the zone where we see buyers. If the price makes a continuational move towards 0.7575 we should see a stronger momentum up. For bulls the most important is to have a close above 0.7411. That should make the new buyers join and lead the price higher towards the next level.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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