AUD/USD

AUD/USD Bears are Here

We can spot 2 POC zones. The first one is close to 0.7650 and it is also supported by the order block. Another one is higher 0.7730-50 and we could see a rejection if the price gets there. There is also a trend line supporting the move down. Targets are 0.7620 and 0.7590. Bullish move resumes if the price closes above 0.7795.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.