AUD/USD Price Analysis: Bears moving in on critical H4 support structure By ross_burland AUDUSD Technical Analysis
H4 support is critical within the M-formation structure. , where it was explained that the price was in ''pursuit of the price imbalance between recent highs and the May 4 highs at 0.7266,'' the bulls indeed met the target.The price has mitigated that imbalance as projected and is now forming an M-formation on the 4-hour time frame. For the open, the focus is between the neckline near 0.7250 and support neat 0.7180.
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