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AUDUSD look for bearish patterns in the POC zone

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The AUDUSD surged heavily to the upside straight towards 0.7150-80 as I have shown on FXstreet AUDUSD poll. My guess is that RBA is not so happy with recent AUD strength as divergence between commodity prices and currency is not good for AUD. Currently we can see a huge HIDDEN BEARISH DIVERGENCE which should follow the main 4H trend which is still bearish. The price has made both high and low and its getting within POC zone in the form of a retracement (78.6, historical breakout retest

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