• July 3, 2024
  • Trade ideas

AUDUSD: Short-term Rebound

AUDUSD, H4

AUDUSDH4.png

On the H4, AUDUSD has been moving sideways for a long time, and the price has reached the upper boundary of the range. Taking into account that the price bounced from the resistance area again, we can expect a short-term decline.

  • AUDUSD sell can be considered in case of further decline with the target to 0.6640 and further to 0.6620;
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Author: Egor Schmidt