AUD/USD Short-term rejection

After the H&S got confirmed, we encountered a bounce on the 0.684 area, jumping back up to the next zone at around 0.686 (50 EMA). As seen, this is a big resistance zone, where the 100 and 50 EMA meet. Therefore, my analysis suggests that there's a bigger possibility of getting rejected on the 4-hour timeframe.

PS: This is not financial advice.

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Great!