In the
AUDUSD
4 hourly chart, AUDUSD has now shrugged off the range between 0.62 to 0.635 and move higher.
The 2 legged up move encountered resistance at recent high of 0.6528.
With the price now back to right above the 50 H4 EMA, my inclination is to go long if the price can be supported by the EMA as well as the bottom price channel.
AUDUSD
4 hourly chart, AUDUSD has now shrugged off the range between 0.62 to 0.635 and move higher. The 2 legged up move encountered resistance at recent high of 0.6528.
With the price now back to right above the 50 H4 EMA, my inclination is to go long if the price can be supported by the EMA as well as the bottom price channel.