AUD/USD Bullish Continuation After a Pullback

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.

AUDUSD

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

 

AUDUSD Current Trading Positions

Sell 32%
Buy 68%
100.0%32.0%030405060708090100
Avg Sell Price 0.7172
Avg Buy Price 0.7188
Liquidity Distribution
0.69200.71990.7447SellBuy

 

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