AUDUSD 4hour Analysis July 31st, 2022
AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action is very bullish and is currently resting near 0.70000, a major zone.
One likely scenario is that bullish momentum continues. Look for a break of 0.70000 with a higher low above.
Trade scenario 2: For us to consider AU bearish we first need to see a break of 0.69500 support with a lower high below. Look to target lower toward 0.68500.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action is very bullish and is currently resting near 0.70000, a major zone.
One likely scenario is that bullish momentum continues. Look for a break of 0.70000 with a higher low above.
Trade scenario 2: For us to consider AU bearish we first need to see a break of 0.69500 support with a lower high below. Look to target lower toward 0.68500.
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