Forex

AUD/USD Bullish Continuation After a Pullback

November 9, 2018

2 min read

tarantula fx

Head of Trading

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AUD/USD Bullish Continuation After a Pullback

Hi traders,

The AUD/USD should make a bullish continuation move after a pullback. The POC zone stands in-between 0.7200-30 and traders should watch for potential bounce.

If the price retraces to 0.7230-00 zone we should watch for a potential reversal signals that would spark a new rally. If that happens targets are 0.7290 and 0.7335. However a loss of 0.7170, might instill a bearish move towards 0.7140 another confluence zone. However based on the latest bullish zigzag rejections from the POC zone look more likely.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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