AUD/USD New High is Shaping Up
August 7, 2020
2 min read
Dear Traders,
The AUD/USD is bullish. Cup with the handle pattern suggest more bulls to come and join the fray. We should see a new high but watch for the NFP.
Today is the NFP. It implies a possible volatile action depending on the outcome. At this point the AUD/USD is showing a bullish pattern with the POC zone at 0.7195-0.7220. Buyers are here and continuation will happen above 0.7252. Targets are 0.7270, 0.7282 and 0.7299. Watch for volatile price action after the NFP.
The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
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