FX.co ★ AUD/USD

AUD/USD Н4 So, we have a breakthrough of the lower level of this sideways range, followed by quotes returning within this range. Given that the moving average is above the quotes acting as resistance, it can be assumed that there will be attempts to continue the southern direction. In this case, if this Н4 candle closes below this level, they will only be able to continue the southern direction if there is a consolidation below the level. Otherwise, it will be a stop loss hunt and a reversal with an impulse towards the north. Caution is quite appropriate in this situation. Wishing everyone profitable trades.