AUDUSD 4hour Analysis August 23rd, 2020
AUDUSD Long idea
Overall we are very bullish on all significant timeframes. Current price action is in a wide ascending channel and we will continue to look for long opportunities.
For the best potential trade opportunity we want to see a break and retest of 0.71900 with a confirmed higher low above. Target higher toward significant resistance levels.
If we were to consider real short opportunities according to the overall trend we would need to see a break and retest of 0.71900
Overall we are very bullish on all significant timeframes. Current price action is in a wide ascending channel and we will continue to look for long opportunities.
For the best potential trade opportunity we want to see a break and retest of 0.71900 with a confirmed higher low above. Target higher toward significant resistance levels.
If we were to consider real short opportunities according to the overall trend we would need to see a break and retest of 0.71900
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