AUD/USD strong bullish CBR pattern suggests further move up

Nenad Kerkez Top-XE

AUD/USD technical analysis

Bullish continuation.
ATR is 97 pips.
CBR bullish pattern.
Temporary bottom has been established.
M H5 is the target.

MEGATREND MAs: Bullish

D1 chart AUD/USD

Order block.
CBR pattern.
Entry zone.
Intraweek target.

The AUD/USD is in uptrend. The market has 97 pips of the ATR which indicates bullish market conditions. At this point we can assume that the price will continue upwards towards camarilla M H4 pivot point 0.6962. However, a break higher will lead the price towards 0.7015 and 0.7088 respectively.

Author

Nenad Kerkez

Top-XE

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