AUD/USD Bullish Continuation Towards W H4 and Beyond

The AUD/USD is getting stronger and stronger. At this point we can see that the market failed to close below W L3.

Unable to close the price below W L3, bears are getting weaker. Bulls are getting back control, and the price is moving up. If we see the market within 0.6795-0.6850 zone, a new wave of buyers should appear. Targets will be 0.7012 and 0.7134 if we see bullish continuation. Only below 0.6770 bears will regain back control.

The Analysis has been done with the CAMMACD.Core and Sit Systems

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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.