Title
AUDUSD H4 | Potential bullish breakout
Type
Bullish Breakout
Preference:
AUDUSD could breakout of the pivot at 0.68152, the pullback resistance, and the price could rise to the 1st resistance at 0.68927, a multi-swing-high resistance.
Alternative scenario:
Price could reverse to the 1st support at 0.67282, a pullback support.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.