It may be traded within a range
# 0.66500 has been holding the price as a level of support
# Spinning Top has pushed the price towards the North
# 0.67600 may work as a level of resistance
AUDUSD has found its support at 0.66500. The pair produced a Spinning Top. It has been heading towards the North with good momentum. The H4 chart shows that the price has still some space to travel towards the North. The buyers may keep their eyes in the pair to go long from the value areas. The price may find its next resistance around 0.67600.
On the other hand, the sellers may wait for the price to find its resistance and produce a strong bearish reversal pattern to go short in the pair. As mentioned, if the level of 0.67600 work as a level of resistance and produce a bearish reversal pattern, we may find this pair getting bearish. The pair may find its support again around 0.66500.
# Spinning Top has pushed the price towards the North
# 0.67600 may work as a level of resistance
AUDUSD has found its support at 0.66500. The pair produced a Spinning Top. It has been heading towards the North with good momentum. The H4 chart shows that the price has still some space to travel towards the North. The buyers may keep their eyes in the pair to go long from the value areas. The price may find its next resistance around 0.67600.
On the other hand, the sellers may wait for the price to find its resistance and produce a strong bearish reversal pattern to go short in the pair. As mentioned, if the level of 0.67600 work as a level of resistance and produce a bearish reversal pattern, we may find this pair getting bearish. The pair may find its support again around 0.66500.
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