AUD/USD H4 - Price may consolidate a little bit
The pair is still in bearish conditions, but on H4 chart a bullish divergence has present and warning to continue short position (for now). A bullish 5-0 emerges and the price could try to retest near resistance at 0.7030
Will see if a bearish pattern it presents near to resistance and resume the downtrend.
Note: Bullish Crab pattern on D1 chart (green), but no divergence or revesal bar pattern yet.
Will see if a bearish pattern it presents near to resistance and resume the downtrend.
Note: Bullish Crab pattern on D1 chart (green), but no divergence or revesal bar pattern yet.
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