AUDUSD H4 Analysis
The AUDUSD chart is driven by a strong bullish momentum, which isn't slowing down. The price once again bounced off a trend line and should respect the upward movement. Furthermore, the USD is still weakening due to COVID-19 outbreak in the US and there are no indicators for any recovery yet. Hence, the trade would be executed as follows:
AUDUSD
BUY: 0.71400
SL: 0.70900
TP1: 0.71900
TP2: 0.72400
AUDUSD
BUY: 0.71400
SL: 0.70900
TP1: 0.71900
TP2: 0.72400
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