Switching to another AUD pair, AudUsd looks interesting for potential sell setups. We have price currently testing and rejecting away from a daily support/resistance level on the bigger timeframes.
Scoping down to the 4H, I would want to see if price could manage to break an H1/H4 swing level to determine if proper rejection is present from the daily level. So for now, I'll be patiently waiting for price to crack the swing level identified. Otherwise, I'll just be sitting on the sidelines.
Scoping down to the 4H, I would want to see if price could manage to break an H1/H4 swing level to determine if proper rejection is present from the daily level. So for now, I'll be patiently waiting for price to crack the swing level identified. Otherwise, I'll just be sitting on the sidelines.
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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.