Wed. Oct 27th, 2021

Dear traders,

The AUD / USD is rising as the USD weakened after yesterday’s Fed meeting. Technically it is the area where the buyers are located.

0.7344-0.7420 is the area where we see buyers. If the price takes a continuous step towards 0.7575, we should see a stronger boost. For oxen, the most important thing is to have a closure higher than 0.7411. This should make new buyers come together and raise the price to the next level.

The analysis has been done with the Black Widow System.

Good negotiation,
Nenad Kerkez

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