AUDUSD is in the bottom of the uptrend channel for H4 timeframe. Since touching the inverse H&S neckline, this pair had retrace 78.6%. Support at 0.9800 and 0.9750. Resistance at 0.9925 and 1.0025.
The AUDUSD had formed 2 inside bar of the big bearish candle. Breaking the channel at the downside had the possibility to bring the pair to 0.9750. Upside resistance is the inverse H&S neckline.
By The Backyard Burner
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