AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking very bearish on AU and a potential trade scenario is coming up soon.
Ideally, we can see a lower high below 0.70000 with good bearish setups to follow. Look to target lower toward 0.67000 support.
Trade scenario 2: For us to consider AU bullish on the 4hour we would need to see a break of 0.70000 resistance with a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking very bearish on AU and a potential trade scenario is coming up soon.
Ideally, we can see a lower high below 0.70000 with good bearish setups to follow. Look to target lower toward 0.67000 support.
Trade scenario 2: For us to consider AU bullish on the 4hour we would need to see a break of 0.70000 resistance with a higher low above.