AUDUSD Potential Bullish Continuation
On the H4, with price recently breaking the descending trend channel and moving above the ichimoku cloud, we have a bullish bias that price will continue to rise
If price breaks the resistance at the 1st resistance at 0.69134 at the overlap resistance in line with the 61.8% Fibonacci retracement and 100% fibonacci projection, we will have upside confirmation that price will rise to the 2nd resistance at 0.70696 at the swing high in line with the 50% fibonacci retracement. #OPINIONLEADER#
Alternatively, price may reverse off the 1st resistance and drop to the 1st support at 0.68571 at the pullback swing low.
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