AUD/USD

AUD/USD Bullish Zone is Holding

The AUD/USD is making 1-2-3 bullish pattern at the weekly and daily support zones and slightly above the ATR projection low.

0.7705-0.7720 is the zone where buyers should show up. 1-2-3 pattern is holding and bouncing off the camarilla weekly and daily levels. We should see the upward price movement towards W H3, D H5 and W H5. Intraday targets are 0.7740 snf 0.7765 while the swing target is 0.7840. Swing target only comes into play if the price closes the day above the intraday target.

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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.