AUDUSD Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking at AU here we can see price action is very bullish and will technically remain bullish on the higher timeframes as long as we stay above 0.74000.
For the week ahead we’re looking for a rally from where price action is right now or we will look for higher low formations closer to 0.74000
Trade scenario 2: For us to consider AU bearish we would need to see a break below support at 0.74000 with a lower high below.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking at AU here we can see price action is very bullish and will technically remain bullish on the higher timeframes as long as we stay above 0.74000.
For the week ahead we’re looking for a rally from where price action is right now or we will look for higher low formations closer to 0.74000
Trade scenario 2: For us to consider AU bearish we would need to see a break below support at 0.74000 with a lower high below.