AUDUSD 1hour Analysis January 12th, 2021

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Price is currently testing the 1hour 200MA and our key structure zone at .77350.

Trade Scenario 1: Bearish - We are looking for further bearish pressure/engulfing here. We will look to first target the key monthly at .7660

Trade Scenario 2: Bullish - For us to go long we need to see price break above the 1h and 30m 200MA and our key structure zone of .7740. We will then wait for a retrace and for .7740 to flip as support.

Pernyataan Penyangkalan

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