AUDUSD has stopped its upward trend that began back in March from 0.55 to 0.74. Price has many chances of a pull back at least towards the 38% Fibonacci retracement area around 0.6750. Short-term trend is bearish.
Green rectangle -first pull back target
AUDUSD is making lower lows and lower highs, that is why short-term trend remains bearish. Our pull back target is between 0.67-0.6850. Resistance is found at 0.7235. As long as price is below this level, then the chances for a pull back are higher.
