AUDUSD 4hour Analysis 4/12/20
AUDUSD Short Opportunity
Overall we are very bearish on higher timeframes.
Currently we are maintaining a 4hr bullish trend but are approaching the 78.6% fib level with a huge drop in volume.
We can either see price action pick up bullish momentum again and see a push toward the 88.6% fib level
Or we could see a slow reversal from this current level, look to target toward lower support levels.
Overall we are very bearish on higher timeframes.
Currently we are maintaining a 4hr bullish trend but are approaching the 78.6% fib level with a huge drop in volume.
We can either see price action pick up bullish momentum again and see a push toward the 88.6% fib level
Or we could see a slow reversal from this current level, look to target toward lower support levels.
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