1.0070ish has acted as a great S/R level recently and if you have a look at the H4 chart of AUDUSD you will see this level is very important now. After a sharp decline today from 1.0187, price tested 1.0090 and formed a nice hammer on the hourly chart: Let’s have a short analysis on USD Index chart. Price is already in the daily support zone between 75.60 and 76.30 which you can see in the chart below: If we have a look at the hourly chart, we can see price has bounced off this support area and has recovered some of its losses: If you look at your EURUSD hourly chart, you can see price has gone down exactly when USDX ... (full story)