Hello traders, AUD/USD Н4
The pair failed to test the support level at 0.6935 on the first attempt, and currently, the quotes are slightly heading north. However, slightly above the quotes, there is a moving average that could act as the resistance sending the quotes back south, in which case they would test the mentioned support. If the quotes break above the moving average and above the level of 0.7030, it could indicate the pair's intention to continue heading north, but only if the quotes manage to stay above these resistances. That's all for now. Wishing everyone a great day and positive vibes.
