AUDUSD Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are definitely looking bullish here on AU but we can see price action is curving out a bit.
Ideally we see AU pullback to form structure closer to our 0.74000 support level and form a higher low.
Look to target higher toward 0.76000 resistance.
Trade scenario 2: For us to consider AU bearish we would need to see a break of 0.74000 support with a lower high below.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are definitely looking bullish here on AU but we can see price action is curving out a bit.
Ideally we see AU pullback to form structure closer to our 0.74000 support level and form a higher low.
Look to target higher toward 0.76000 resistance.
Trade scenario 2: For us to consider AU bearish we would need to see a break of 0.74000 support with a lower high below.