AUD/USD to the Resistance Zone / Multi-Timeframe
🔸4H CHART EXPLANATION:
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🔸Price bounced at the Resistance Zone and it is moving on the edge of the Descending Trendline .
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🔸We observe that yesterday there was a breakout, but given the volatility due elections we don't consider it as a clean one.
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🔸We are waiting for a clear breakout and a consolidation above the trendline before considering any setup here. The target area is the Resistance Zone at 0.74000.
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🔸Will look for a lower timeframe bullish setup.
🔸DAILY CHART ANALYSIS:
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🔸Price bounced at the Resistance Zone and it is moving on the edge of the Descending Trendline .
.
🔸We observe that yesterday there was a breakout, but given the volatility due elections we don't consider it as a clean one.
.
🔸We are waiting for a clear breakout and a consolidation above the trendline before considering any setup here. The target area is the Resistance Zone at 0.74000.
.
🔸Will look for a lower timeframe bullish setup.
🔸DAILY CHART ANALYSIS: