"Which will be the next move?" AUDUSD 1H Short View

1H Chart Explanation:

- Price is currently on an Ascending Channel.
- Price is against an important Resistance Zone.
- Bearish Divergence on MACD.
- If price breaks the Channel, it has potential to move down towards the Support Zone at 0,687.

Check out our last prediction on this instrument in the Related Ideas!

Also, there you will find our Top and Bottom Analysis.

Updates coming soon!