The AUDUSD is now still hovering just below the neckline. Price need to break above the neckline for a uptrend. If not, price may reverse to form a H&S at H4 timeframe heading for a bearish trend. Resistance at 0.9993 to 1.0030. Support at 0.9920 and 0.9865.
Daily show a strong uptrend candle. However, the candle is still an inside bar of the bearish candle.
By The Backyard Burner
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