AUD/USD Bearish Move Below the W L3 Camarilla

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The price on the AUD/USD is bearish. We should see a continuation move if the price makes a close below 0.6767.

The AUD/USD has formed the POC zone 0.6780-90. We should see a drop below the zone towards W L4 camarilla pivot 0.6767. A close below should provide a continuation towards 0.6743 and 0.6723. Have in mind that the market has been extremely slow – only 28 pips for the last 5 days so patience is needed for all AUD/USD traders.

The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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