AUDUSD,H4SHORT TERM TECHNICAL ANALYSIS

The price is now into a large weekly resistance zone marked by trendline X and the highlighted previous congestion as shown below although there is no significant reversal signal just yet, although there are signs of indecision displayed by the dojis as it reacts into the zone.

The 4-hour chart below shows indepth movement reactions to the zone. The price now is reacting to support zone marked by red trendline T. Close below T can lead price into trendline support zone marked C. Close below C can lead price into a larger support zone marked S.

Preferably for the setup to work as analysed above, price should not go beyond resistance zone marked R. Although there is still a possibility of price going higher since the larger weekly timeframe has not shown any significant reversal movements.