AUD/USD Price is Targeting 0.6000 and Below

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The AUD/USD is showing the T-89 pattern on the H4 chart. A lot of confluence tells me that we should see a drop.

6050-60 is the zone where the price might drop from. MTF bearish momentum, retracement on H4 timeframe, price below daily BBand and soon we might see W L3 retest. Below 6026 we should see 0.6000 and 0.5975. The final target is 0.5889. Have in mind that today is the NFP so we need to be careful with trading, but at this point I see the AUD/USD bearish setup potentially good for intraday trading.

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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