AUDUSD 4hour Analysis July 12th, 2020
AUDUSD Long idea
Higher timeframes are bearish while the daily & 4hour are bullish
Currently we are looking for a bounce off support at 0.69650 and will look to enter on strong bullish setups confirming the bounce. Look to target high toward 0.70800
In the scenario where price action fails to push higher, look for a break and retest of 0.68500 before considering major bearish opportunities.
Higher timeframes are bearish while the daily & 4hour are bullish
Currently we are looking for a bounce off support at 0.69650 and will look to enter on strong bullish setups confirming the bounce. Look to target high toward 0.70800
In the scenario where price action fails to push higher, look for a break and retest of 0.68500 before considering major bearish opportunities.