FX:AUDUSD   Australian Dollar / U.S. Dollar
Looking at the 4 hour and 1 hour chart, we can see an uptrend.

On the 4 hour chart we are in an ascending triangle . On the 1 hour chart we are in a steady uptrend with price bouncing between the support and resistance .

The Stochastic indicator along with the RSI is suggesting price will retrace back to the support zone , this is also reinforced with price sitting at the resistance on the trendline, suggesting a drop.

What do you think?


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