AUDUSD

 

The AUD/USD has dropped to historical support levels zone 0.6890-0.6903. It needs a healthy retracemen to the upside.

0.6880 is the last chance for any bullish retracement on intraday timeframes. Unless it gets broken to the downside, bulls might try to get the price to the POC zone 0.6930-40 and 0.6660 if the bullish momentum persists and short traders close their trades. The interim range is 0.6890-0.6840. The price might reject from 0.6840 towards 0.6890 again if we see a retracement. If 0.6660 is reached then we might see a trend reversal and uptrend will start.

AUDUSD

 

AUDUSD Current Trading Positions

Sell 43%
Buy 57%
100.0%43.0%0405060708090100
Avg Sell Price 0.6948
Avg Buy Price 0.6953
Liquidity Distribution
0.68250.69680.7240SellBuy

 


The analysis has been done with the CAMMACD.MTF template.

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