During the last few days, AUD/USD has been moving inside a bullish channel.
It's important to note that the current bullish move is showing weakness of the bulls as there's no obvious higher highs & lows.
Today we had a bearish breakout of the three drawn channels. Hence, we expect the market to be bearish for AUD/USD today.
VIOLET CHANNEL represents Yesterday's movement.
BLUE CHANNEL represents the last 2 days' movement.
YELLOW CHANNEL represents the last 3 days' movement.
Based on the previous analysis
AUD/USD can be SOLD around 1.0200 with SL 1H candlestick closure above 1.0230.
TP should be placed at 1.0170,1.0155 &1.0110.
