AUDUSD – ST Corrective Structure @ Bottom of Volatile Bear Trend (4h chart)

Price Action Context

The pair is forming another ST corrective structure at the bottom of the LT bear trend, similar to the one we saw back in Jun-Aug.

Trending Analysis

Bearish bias across the board both LT and MT and bears can look for potential trading locations on pullbacks towards the top of the corrective structure.

Key Support & Resistance Zones

R: 0.7140 – 0.7160
S: 0.7020 – 0.7045

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