AUDUSD was affected recently by the poor data out of China causing a considerable move lower.
However, with the USD weakness price soon recovered and the 4hr formed higher highs showing the potential for
price to continue higher.
Looking at the 4hr timeframe we can see the moving averages have turned bullish and if price retraces back to the
minor support we can look for long opportunities on bullish price action.
However, with the USD weakness price soon recovered and the 4hr formed higher highs showing the potential for
price to continue higher.
Looking at the 4hr timeframe we can see the moving averages have turned bullish and if price retraces back to the
minor support we can look for long opportunities on bullish price action.