Hello traders. On this 4H analysis of AUDUSD, we have the formation of a broadening triangle. Price has recently been rejected from the support level in the 0.68500 region. This level may or may not be retested. The projected target would be the resistance level in the 0.70000 region or the 0.71300 region.
If price breaks through the support level in the 0.68500 region before heading higher, this trade will be invalidated.