AUD/USD Long-Term Trend: Bearish
Key Resistance Levels: 0.74111, 0.74785, 0.74800.
Key Support Levels: 0.73187, 0.72420, 0.71421.
The price on the higher time frame failed to break the 0.74785 USD mark and reversed lower where a series of bearish candlesticks has been posted. Further movement to the downside could be seen toward the next key level around the 0.73187 USD mark.
AUD/USD Medium-Term Trend: Bearish
On the lower time frame, the price posted a double top formation which led to a reversal and a breakout of the bullish channel to the downside. A higher correction could be seen to the highlighted zone before a new bearish impulsive wave toward the target profit.
Sell Limit Order @ 0.73744
TP 1 @ 0.73196
TP 2 @ 0.72420
Stop Loss @ 0.73952
Trade Safely 🙂