Australia markets closed

AUD/NZD Going for Higher Levels

Nenad Kerkez

Dear Traders,

The AUD/NZD is targeting higher levels. We should see a continuation move due to ascending scallop pattern.

The market is above W H3 camarilla pivot. A continuation move above should target 1.0488 W H4 camarilla pivot and M H5 1.0492. A close above should make the price spike towards 1.0537 W H5 camarilla. As long as the price is above W L3 1.0400, the market is bullish. Buying the dip continues.

The Analysis has been done with the CAMMACD.Core and Sit Systems

 

This article was originally posted on FX Empire

More From FXEMPIRE: