Resistance: 1.0412 strong / 1.0435 moderate / 1.0466 minor Support: 1.0381 moderate / 1.0357 minor / 1.0326 minor The Hourly AUDUSD chart is in a bear market with a medium credibility Bullish Engulfing suggesting we look for a turn-around. Consider buys off the immediate support 1.0381, or on a bullish confirmation. A stop loss should be placed just below 1.0381 while the immediate target is 1.0412. A close above 1.0412 will have us looking for a rally to 1.0435.
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AUDUSD Bullish Engulfing Hourly Chart