AUD/USD Price Analysis: Bears are lurking on the backside of a key micro trendline – by fx_ross AUDUSD Technical Analysis
e and breakout. The following illustrates prospects, however, of a correction into those longs across the daily, 4-hour and hourly timeframes. The price broke out of the micro trend and made a subsequent rally into the resistance of the more dominant bearish trendline. We have seen a correction into support.This support could be significant and result in a retest higher into shorts that sold the break of the micro bullish trend that would now be expected to act as a counter trendline.
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