AUD/CHF Continuing North if the Price Bounces From the POC Zone

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The AUD basket is generally in uptrend. Two ascending trendlines in the AUD/CHF pair support intraday bulls.
Due to a higher demand in iron ore ( Australia exports to China) the AUD currency is getting stronger. 0.7166-76 is the POC zone where we see a strong confluence of trend lines and higher TF dynamic supports. Technically, Camarilla D L5 pivot supports T-89 pattern which has formed at the EMA. Targets are 0.7208 and 0.7222 based on the ATR projection and camarilla pivot confluence. As long as the price is held above two supporting trend lines, bulls should be safe.

The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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