The AUDUSD drop after hit the 21MA of the 4hr tf and has rebound from the support or the H&S neckline. Break of the support may indicate the H&S in play. The support is at 0.983 and resistance is 0.99.
AUDUSD had a big bearish candle yesterday indicating the bearish sentiment. The break of the H&S trendline and the price will go way down. Support is at 0.976 and resistance is at 0.995.
By The Backyard Burner
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