AUD/USD Trend Line Break Could Initiate Fresh Selling

2 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The AUD/USD is still bearish as I suggested many times before in my analyses. Sell on rallies continues.

The price has almost reached the confluence zone just at the upper BB line and it could reject further down towards 0.7240. Traders should be monitoring a potential trend line break and the close below it. If that happens Next target is 0.7220-10 zone. Have in mind hat the AUD/USD is a slower pair with small ATR, so the targets are adjusted accordingly.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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