The bias is still bearish on the 4-hour chart, especially if price able to break once more under-21 MA around 0.6980. Potentially promote the sustainability of the negative movement to retest the 0.6950 area, before aiming for the lowest level since April 2009 in the area of 0.6905.
In contrast, only consistent break above 0.7010 immediate resistance area which will probably dampen bearish pressure as well as bringing the price to neutral zone in the short term, with the possibility of testing the 0.7045 area. The next resistance could be found at 0.7070 area.
0 Response to "Consistency in the Upper Area 0.70 Reduce Potential Bearish of AUDUSD"
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