AUDUSD 4hour Analysis 4/26/20
AUDUSD Long Idea
We have been seeing this pair continually push up with strong bullish momentum and are looking to continue with that trend
From the current level we have seen bullish price action break this triangle pattern followed by a retest. If this moves shows more conviction we’re looking to target higher toward key weekly resistance around 0.65000
If we see price action fall out from this area look for a break of support followed by a retest.
If we see enough bearish confirmation and price action starts falling look to target toward our monthly support around 0.60200
We have been seeing this pair continually push up with strong bullish momentum and are looking to continue with that trend
From the current level we have seen bullish price action break this triangle pattern followed by a retest. If this moves shows more conviction we’re looking to target higher toward key weekly resistance around 0.65000
If we see price action fall out from this area look for a break of support followed by a retest.
If we see enough bearish confirmation and price action starts falling look to target toward our monthly support around 0.60200
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.