AUDUSD has broken 7850 and that was a sign for new intraday trend. 1.7850 is important zone now as it consists of previous sellers –possibly now moment buyers, H3 camarilla and 38.2 fib. 1.7850 is also a round/rounded number which is a natural s/r level. If the price retraces bac to 1.7850 that could produce fresh buying opportunities towards daily highs at 1.7900 and 1.7930 subsequently.
Today we need to pay attention for strong fundamental reports as chief Yellen will testify, then US New Home Sales report following by chief ECB Draghi speech.
If 1.7850 is broken the price might drop to the second POC to 1.7810-00 region (L3, inner trend line, DPP ) where the price might found another demand zone and be rejected.
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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