AUDUSD breakout Analysis
In the 4-hour chart, AUDUSD has moved in an Uptrend by forming higher highs, higher lows.
AUDUSD has broken the bottom level of the Uptrend line.
AUDUSD is moving in a downtrend for a long time in the weekly time frame chart.
Now, AUDUSD price standing at the top zone of the downtrend line. however, breakout not yet confirmed.
But in 4-hour time frame, after the breakout of uptrend line, AUDUSD Sell signal is given.
AUDUSD made a ranging movement and bounced back by re-entering into the Uptrend line again.
US Jobless claims result came in Negative, this further weakens the US Dollar.
This made the Sell Signal to reach the stop-loss price.
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