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11 Jan 2022
AUD/USD Price Analysis: Bulls run up to a wall of H4 resistance
- AUD/USD has been moving in on the higher liquidity mid-week.
- Bears need a break below 0.7190 for downside prospects.
As per the start of the week's analysis, AUD/USD Price Analysis: Bears moving in, eyes for restest of H1 lows, the price is moving in on higher liquidity as follows:
Prior analysis, AUD/USD H4 chart
In the above chart from yesterday, the liquidity near the 61.8% ratio was identified and has been tested in price action today as follows:
The W-formation might be expected to pull in the price to the neckline and if the bears take over there, then the downside will be to play for.