AUDUSD 4hour Analysis October 9th, 2022

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AUDUSD Bearish Idea

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

Trade scenario 1: We are overall bearish on AU but we have been stuck in a range that looks to be breaking bearishly now.

Going into this week we’re looking to ride the existing bearish trend and a break of 0.64000 with a lower high below would be enough to consider shorts.

Trade scenario 2: If we are to consider AU more bullish we first would need to see a bounce off 0.64000 and the range continue. Look to target toward the top of the range then consider reactions at resistance.
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