AUD/USD Price Analysis: Bulls run up to a wall of H4 resistance

Market news

11 January 2022

AUD/USD Price Analysis: Bulls run up to a wall of H4 resistance

AUD/USD has been moving in on the higher liquidity mid-week.
Bears need a break below 0.7190 for downside prospects.

As per the start of the week's analysis, AUD/USD Price Analysis: Bears moving in, eyes for restest of H1 lows, the price is moving in on higher liquidity as follows:

Prior analysis, AUD/USD H4 chart

In the above chart from yesterday, the liquidity near the 61.8% ratio was identified and has been tested in price action today as follows:

The W-formation might be expected to pull in the price to the neckline and if the bears take over there, then the downside will be to play for.

Currencies. Daily history for Tuesday, January 11, 2022

Commodities. Daily history for Monday, January 10, 2022

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