AUDUSD 4hour Analysis February, 28th, 2021
AUDUSD Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: If we see a lower high below 0.77500 it could be the confirmation for a daily trend change. If that happens it is likely we will see price action fall to major support near 0.76000.
Trade scenario 2: For us to consider AU bullish we first need to see a significant pullback with some higher lows above 0.77500.
For now we have to see how price action reacts in the current area before we can confidently take a trade.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: If we see a lower high below 0.77500 it could be the confirmation for a daily trend change. If that happens it is likely we will see price action fall to major support near 0.76000.
Trade scenario 2: For us to consider AU bullish we first need to see a significant pullback with some higher lows above 0.77500.
For now we have to see how price action reacts in the current area before we can confidently take a trade.