AUDUSD pulled back on Friday but so far the uptrend is intact on the 4H chart. The area that I have highlighted in my chart could work as a support level to push the price higher towards 0.73.
However, a break and consolidation below this level will indicate that the uptrend may have ended.
Either way, I will be looking at the price action at this critical level before placing any new trades.
However, a break and consolidation below this level will indicate that the uptrend may have ended.
Either way, I will be looking at the price action at this critical level before placing any new trades.