My bias for this pair is going long for a few reasons: 1) the MA indicates that the bias is long (very far apart, not close to crossing over) 2) This pair respected the trend line 3 times and made a clear bounce which tells me it is going to continue up. 3) It broke weekly resistance (black line) 4) an inverted hammer has been formed which indicates a price...
The AUDUSD pair has been going down overall but for the last couple its been going up. Since Higher time frame rules, the pair will break the 4hr trend line and go down to our target which is previous Support and Resistance.