AUD/USD Bullish Bounce Targeting 0.7245

January 10, 2019

2 min read

tarantula fx

Head of Trading

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The AUD/USD has formed a bullish zig zag pattern that is clearly visible with the ascending trend line, rejection candles and upward motion( arrows are trading signals based on CAMMACD method).The AUD/USD could bounce from 0.7165-75 POC zone targeting 0.7203, 0.7230 and eventually 0.7245. However, the ATR of the pair is low so it might needs some time for a trade to develop. However, pay attention to a possible bounce. Ideally, the bounce should be consistent and the pair should stay above 0.7150 for uptrend continuation on intraday timeframes.

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Many green pips,

Nenad Kerkez aka Tarantula FX

Elite CurrenSea

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