AUDUSD Technical Analysis for 4H/D
After the bearish structure was broken, price tested the trend line (Bearish) three times, also formed bullish engulfing. We also saw higher highs, high lows, with very strong support, the new price ceiling was broken and, became the floor which was also the weekly support 0.7773. Price retested the tl/support and shot up. MA's have crossed over, we might see a small retracement as auzzie continues to climb up to 0.8670 zone.
After the bearish structure was broken, price tested the trend line (Bearish) three times, also formed bullish engulfing. We also saw higher highs, high lows, with very strong support, the new price ceiling was broken and, became the floor which was also the weekly support 0.7773. Price retested the tl/support and shot up. MA's have crossed over, we might see a small retracement as auzzie continues to climb up to 0.8670 zone.
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