The AUD/USD is strongly bearish and the trend should continue. The break of important order block has marked the continuation of a downtrend. A retest of 0.7345-60 could be a new chance for bears to initiate fresh selling. We can see a lot of confluence there, including order block and 38.2 fib retracement exactly at the camarilla pivot. The next target for AUD/USD is 0.7250.
W L3 – Weekly Camarilla Pivot (Weekly Interim Support)
W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)
D L3 – Daily Camarilla Pivot (Daily Support)
D L4 – Daily H4 Camarilla (Very Strong Daily Support)
POC – Point Of Confluence (The zone where we expect price to react aka entry zone)
