Possible trend reversal is coming for AUDUSD. The trade is consistent with my view of DXY will start to decline which give the positive sentiment to all USD pair.
Technical view
1. The price just stop again at 4H descending channel
2. 30 min chart show possible double bottom pattern where price rebound after touching the last lowest point
3. Other USD pairs also look reversal
Buy now
By the way to day have important news of Nonfarm payroll and unemployment which should give some momentum to the price if the data miss forecast. However, the price may be volatile during that time so stop loss should place wider.
Technical view
1. The price just stop again at 4H descending channel
2. 30 min chart show possible double bottom pattern where price rebound after touching the last lowest point
3. Other USD pairs also look reversal
Buy now
By the way to day have important news of Nonfarm payroll and unemployment which should give some momentum to the price if the data miss forecast. However, the price may be volatile during that time so stop loss should place wider.