Forex

AUD/USD Fresh Sellers at the Two POC zones

October 22, 2018

2 min read

tarantula fx

Head of Trading

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AUD/USD Fresh Sellers at the Two POC zones

Hi traders,

The AUD/USD has been mildly bearish as we can see from the current PA. However its mostly ranging without any cues of breaking the range. However that might change.

The AUD/USD has formed two POC zones. 0.7120-30 is the first zone as we can see that weekly candle is holding the bulls from a progression. However above 0.7130 there is another POC zone at 0.7135-45. If any of the zone holds we should see a rejection towards 0.7100 and eventually 0.7068. Watch for camarilla pivots and the action around them.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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