AUDUSD 4hour Analysis November 27th, 2022
AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking bullish on the daily timeframe and 4hour now as price action continues to push higher.
Currently, price action is resting just above 0.67000 which we broke at the end of last week.
Since this is our key zone we’re looking for reactions to decide where AU goes next.
Ideally we bounce off 0.67000 and form some convincing bullish variations we can enter long on.
Trade scenario 2: If we break below 0.67000 it is likely we will see price action fall to lower support levels like 0.65500
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking bullish on the daily timeframe and 4hour now as price action continues to push higher.
Currently, price action is resting just above 0.67000 which we broke at the end of last week.
Since this is our key zone we’re looking for reactions to decide where AU goes next.
Ideally we bounce off 0.67000 and form some convincing bullish variations we can enter long on.
Trade scenario 2: If we break below 0.67000 it is likely we will see price action fall to lower support levels like 0.65500
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