The top green box indicates the previous dating back to 04/11/2013.
With this being a strong , we feel this should act and hold again.
As price action has been so strong to the upside, there is a possibility we could see a small pullback into support before another move to the major resistance.
We also have 93.5 on the , which means that the Aussie is overbought and gives more confirmation we could see a sell off in the short term.
Have a great trading week.
With this i expect a pullback to previous resistance now acting as support.
From here i am looking for a candle or an indication in price action is looking to reverse which we got on the h1 chart.
My stop position is 10 pips below the last spike low, if price goes beyond the previous spike low, i am no longer interested in being long and i will be out the market.
I hope that explains a little more in depth of my thinking process.