AUDUSD outlook

AUDUSD 4H chart: Trend continuation pin bar at key level

AUDUSD has moved out from this consolidation/ranging market this month and moved higher very agressively.

However, traders may profit of this pair by finding weaknesses on lower time frame and look for buying trend continuation opportunities.

On the below 4H chart, is a weakness of bearish moves represented by this pin bar rejecting key level 0.79635.

Traders may target retest of resistance 0.80545 or even higher.


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