From the H4 perspective, AUDUSD is in an uptrend channel where the price is now just above area of confluence where MA200, lower line upper trend and key support zone 0.7700+-
Look for buy opportunity for this pair, or a buy limit order above key support zone for a better R:R ratio
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
Look for buy opportunity for this pair, or a buy limit order above key support zone for a better R:R ratio
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority