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AUDUSD 4hour Analysis October 10th, 2021

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

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

Trade scenario 1: Looking bullish on AU as we just broke resistance around 0.73000 and are now finding support.

From here we’re looking for bullish setups to enter long on.

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

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