AUDUSD Price analysis 12-May 2024

Weekly: The price is situating between W-ERl & W-IRL, so in the weekly chart, if the price takes either one of the Weekly PAD then we could anticipate the move to-wards other side. But as the DXY is bullish so we could anticipate that, the price will take the W-BSL First then it will come down,

Weekly Bias: Bearish.

H4: The price has taken the D-FVG then it has been created H4 bullish-MSS with a Strong H4-OB & a H4-FVG. There are H4-LRLR in the upside bellow the W-SSL, so in the up coming week Monday & Tuesday we will move upwards to the W-BSL, then in Wednesday the price will consolidates then Thurseday & Friday it will reverse towards the W-FVG