AUDUSD is now testing the resistance level. The pair may retrace to 61.8% of 1.008 at the higher trendline of the channel. The pair trading above 21MA and the 21MA and 100MA of 4hr tf is about to cross if the uptrend continue. The support is at 0.998 and resistance is around 1.008~1.01.
The AUDUSD breakout from the inside bar and perform a bullish candle. The resistance is at 1.01 and support is at 0.998.
By The Backyard Burner
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