AUDUSD : As per my previous analysis it showed a downward momentum in AUDUSD pair inside its Ascending Triangle on 1D chart confirmed by the breach of its Descending Triangle on 4Hr chart. Accordingly it's completed the Bearish leg and tested the lower low at 0.73300 on its Support Level and now it shows a Bullish Trend starting closer to 0.236 Fib Retracement level which is most likely to prevail till it reaches its Resistance Level at 0.77600 to complete the inner movements of the Ascending Triangle before it breaches and create a new Bullish Trend ( or continue its previous Bullish Trend ).
Therefore it would be better to wait till the price crosses,
Therefore it would be better to wait till the price crosses,
- Resistance01 on the chart
- EMA 16
- Closing of three candlesticks above EMA 16