AUD/USD Long-Term Trend: Bearish
Key Resistance Levels: 0.7639, 0.7716, 0.7821
Key Support Levels: 0.7517, 0.7412, 0.7240
The price was trading inside a bullish channel before managing to break it to the downside with a big bearish candlestick. The price currently is testing the 0.7639 USD level (resistance) before it move to the downside again.
AUD/USD Medium-Term Trend: Bearish
On the 4-hr time frame, the price succeeded to break the bearish flag formation to the downside where it posted a double top pattern around the 0.7639 USD level. A higher correction might be seen to the neckline (0.7623) before the move to the downside toward the 0.7521 USD mark.
Sell Limit Order @ 0.7623
TP 1 @ 0.7521
TP 2 @ 0.7515
Stop Loss @ 0.7666
Trade Safely 🙂