On the H4 chart of AUDUSD we can see that last two candlesticks were dominated by bulls, appreciation was about 80 pips. 0.7614 resistance was broken, however as long as current bar will not close above this level we cannot say it is really broken.
If bullish sentiment will stay, the target for bulls will be 0.7812 resistance where April 20th high is. There is possibility of bearish correction to the broken resistance, it would be perfect opportunity to look for a chance to open long position with better parameters. We can earn as much as 200 pips.
