AUDUSD 4hour Analysis November 28th, 2021
AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking even more bearish this week here on AUDUSD. We recently saw a break of support near 0.72000 and are now waiting on a retest/ confirmation of our next lower high.
Look for short entries on significant lower highs below 0.72000
Trade scenario 2: For us to consider AU bullish again we would need to see a higher low above 0.72000.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking even more bearish this week here on AUDUSD. We recently saw a break of support near 0.72000 and are now waiting on a retest/ confirmation of our next lower high.
Look for short entries on significant lower highs below 0.72000
Trade scenario 2: For us to consider AU bullish again we would need to see a higher low above 0.72000.