AUDUSD 4-hour chart analysis, uptrend intact but be careful
AUDUSD is still bullish on the 4H Chart. However, the bullish momentum has slowed down considerably. That makes this pair vulnerable to a sharp pullback.
Currently, price is still above the support level and the 100-period EMA. So, the buyers are still running the show here.
However, keep an eye on the level that I have highlighted in my chart. A strong break below this level will be negative for the buyers.
Currently, price is still above the support level and the 100-period EMA. So, the buyers are still running the show here.
However, keep an eye on the level that I have highlighted in my chart. A strong break below this level will be negative for the buyers.
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