AUDUSD pulled back on Friday but so far the uptrend is intact on the 4H chart. The area that I have highlighted in my chart could work as a support level to push the price higher towards 0.73.
However, a break and consolidation below this level will indicate that the uptrend may have ended.
Either way, I will be looking at the price action at this critical level before placing any new trades.
However, a break and consolidation below this level will indicate that the uptrend may have ended.
Either way, I will be looking at the price action at this critical level before placing any new trades.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.