After the drop to the 0.62 zone last week, AudUsd corrected and dropped again in that zone the next day. Although the trend remains grossly down, bulls seem strong in the 0.62 zone and a rise could follow from this point on. Resistance is very well defined just under 0.6350 and a break above this should lead to a deeper correction into 0.65 zone. I'm bullish as long as 0.62 is intact and buy dips can be a good strategy
Thanks for sharing! I agree with your bullish bias, on H4, I set the take profit at 0.65323, which is in line with the overlap resistance. Please check out my analysis at: