The AUD/USD should make a bullish continuation move after a pullback. The POC zone stands in-between 0.7200-30 and traders should watch for potential bounce.
If the price retraces to 0.7230-00 zone we should watch for a potential reversal signals that would spark a new rally. If that happens targets are 0.7290 and 0.7335. However a loss of 0.7170, might instill a bearish move towards 0.7140 another confluence zone. However based on the latest bullish zigzag rejections from the POC zone look more likely.
AUDUSD Current Trading Positions
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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