Above is the 4-H chart of AUDUSD. The trading range as we can see is 0.831 - 0.855. After a bullish divergence shown in the stochastic chart, Aussie surged through the red resistance line. Touching the top of the range, it bounced back. It would be a time for us to short AUD and the target is at the red line, which is at around 0.836. For stop, above previous high would be a choice.
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