AUDUSD Bull x Bears Tag of war

Jan 17

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**Market Analysis: Daily & H4 Timeframes**

### Daily Timeframe:
On the Daily timeframe, I’m noticing that the price is bouncing off a **resistance turned support** around the **0.6200** zone. This could suggest potential for further upside.

- The **next resistance** level to watch is around **0.6300**.
- However, if we see a **close below 0.6281**, I believe this could open the door for the bears, potentially pushing the price towards the next support at **0.6142**.

### H4 Timeframe:
On the H4 chart, the price is bouncing off a potential support level around **0.6393**. If we see a **close below 0.6190**, it could lead to a further drop towards **0.6142**.

### Key Levels to Watch:
- **Support**: 0.6200, 0.6190, 0.6142
- **Resistance**: 0.6300, 0.6350

At the moment, I’m focused on the possibility of a move towards **0.6350** if the bulls manage to keep pushing higher.

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Jan 20

Trade closed: target reached