The AUD/USD has formed a bullish zigzag right in the middle of an uptrend move which could expand even further.
0.7135-45 is the POC zone where we see a strong confluence of both now moment and historical bulls. It is additionally supported by an ascending trendline. Targets are 0.7199 and 0.7228. Have in mind that 1h/4h close is needed above 0.7200 for the price to continue with a bullish momentum. Only a drop below 0.7110 might lead to a pure neutral price action while bears have nothing to look for above 0.7065.
