AUD/USD New Sellers are Waiting at the Confluence

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The AUD/USD is still bearish. We can see the confluence around 0.6590 zone which might show fresh sellers.

The POC zone 0.6590-0.6620 is clearly bearish and if the price rejects from it we should see a downward continuation. The first target is W L3 – 0.6539 and below the price will be targeting W L4 – 0.6485. However, in order for the price to drop further below a close below 0.6480 is needed. The scenario is valid as long as the price stays below 0.6650.

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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