here's an interesting AUD/USD setup!
Looking at the 4-hour chart, i see a strong resistance at 1.0573 and a strong resistance turned support at 1.0418. Aussie still looks as though it could push a little lower from spot (1.0470).
Here's the plan!
If spot comes close to 1.0418 and if the candle closes above this level i will look to buy here for another movement up.
If the candle closes below this level completely, i will look to sell here for a break-out lower!
what y'all think?
Looking at the 4-hour chart, i see a strong resistance at 1.0573 and a strong resistance turned support at 1.0418. Aussie still looks as though it could push a little lower from spot (1.0470).
Here's the plan!
If spot comes close to 1.0418 and if the candle closes above this level i will look to buy here for another movement up.
If the candle closes below this level completely, i will look to sell here for a break-out lower!
what y'all think?
Happy Trading!
FxTaurian
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