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AUDUSD 4hour Analysis March 6th, 2022

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

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

Trade scenario 1: We are looking bullish on all timeframes as we saw a major break of the 0.73000 resistance level.

From here we’re looking for our next structure point in the form of a higher low as close to 0.73000 as possible.

Trade scenario 2: For us to consider AU bearish we would need to see a break of 0.73000 with a lower high below.

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