AUDUSD 4hour Analysis January 22nd, 2023

AUDUSD Bullish Idea

Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish

Trade scenario 1: Looking bullish overall on AU but we have some minor zones to be aware of before we enter into any positions.

Going into this week we want to see clear price action and confirmations. Ideally, we see the next higher low with strong bullish setups we can enter long on.

Trade scenario 2: For us to consider AU bearish we need to see price action fall below 0.68600 with structure formation below.