AUDUSD Bearish Engulfing 4-Hour Chart

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Resistance: 1.0425 strong/1.0454 moderate/1.0474 minor Support: 1.0405 moderate/1.0376 minor/1.0356 minor AUDUSD has a bias for the sell-side. 4-Hour charts also have a Bearish Engulfing confirming market direction though proximity to a moderate support at 1.0405 suggests we should wait for a close below it before jumping short. The immediate target of any sell-off is 1.0376 break of which sees 1.0356.