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AUDUSD 4hour Analysis October 11th, 2020

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD Bullish idea

Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish

Trade scenario 1: Price action continues to climb higher. Look to enter on a retest of broken resistance with a confirmed higher low. Target higher toward key resistance levels like 0.72900

Trade scenario 2: Price action breaks back below 0.72000. Look to enter on a confirmed lower high with strong bearish setups. Target lower toward our 4hour support at 0.70700

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