Resistance: 1.0230 moderate/1.0324 minor/1.0389 minor
Support: 1.0165 strong/1.0070 moderate/1.0005 minor
Market appears to have a bullish bias in AUDUSD 4-Hour charts. We also have a Bearish Engulfing and is well resisted by 1.0230. With a medium level bearish reversal pattern consider shorts from just under 1.0230 the immediate target a strong support, 1.0165, the Pivot Point break of which opens 1.0070 for a full trend reversal. Stop losses should be placed above 1.0230.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices