AUDUSD 4hour Analysis September 5th, 2022
AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking super bearish on AU and looks like price action will continue with this trend.
We recently broke below our 0.68500 level and will look to continue short. The most likely scenario is price action rejects 0.68500 with strong bearish setups to enter on.
Look to target lower toward 0.67000.
Trade scenario 2: For us to consider AU bullish again we need to see a break above 0.68500 with a confirmed higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking super bearish on AU and looks like price action will continue with this trend.
We recently broke below our 0.68500 level and will look to continue short. The most likely scenario is price action rejects 0.68500 with strong bearish setups to enter on.
Look to target lower toward 0.67000.
Trade scenario 2: For us to consider AU bullish again we need to see a break above 0.68500 with a confirmed higher low above.
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