Resistance: 1.0520 moderate/1.0555 minor/1.0594 minor Support: 1.0480 strong/1.0446 moderate/1.0406 minor We have a medium credibility pattern Bullish Engulfing in 4-Hour charts. Though ideally this needs a confirmation before trading, with prices just above a strong support consider buys off 1.0480, the Pivot Point. Stop losses can be placed just under the said price or alternatively the pattern low if beneath the Pivot Point. Learn more about the chart patterns and how to recognize them in
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AUDUSD Bullish Engulfing 4-Hour Chart
