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AUD/USD Price Analysis: Bears moving in on critical H4 support structure
As per last week's pre-open analysis, AUD/USD Price Analysis: Bulls move into a critical area on H4 charts, eye a run to the 0.7250/60ss, where it was explained that the price was in ''pursuit of the price imbalance between recent highs and the May 4 highs at 0.7266,'' the bulls indeed met the target. charts The price has mitigated that imbalance as projected and is now forming an M-formation on the 4-hour time frame. For the open, the focus is between the neckline near 0.7250 and support neat 0.7180. A break below there will be bearish and will open prospects of a run to 0.7150. A break of resistance, on the other ... (full story)
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- Jun 5, 2022 6:55pm Jun 5, 2022 6:55pm
- traderathome
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"Don't Shoot Me I'm Only the Piano Player"
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- Edited 11:48pm Jun 9, 2022 11:37pm | Edited 11:48pm
- yani38
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"Don't Shoot Me I'm Only the Piano Player"
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- yani38
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"Don't Shoot Me I'm Only the Piano Player"
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- Jun 11, 2022 10:21pm Jun 11, 2022 10:21pm
- traderathome
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