AUDUSD: long-term, the down trend is still in progress.

AUDUSD: break of 0.7000 support will turn bias back to the downside for retesting 0.6826 low. Above 0.7240 will bring another rise.

  • Current trend: short-term neutral // long-term bearish.
    Looking at the weekly chart, AUDUSD tested the 21-EMA but failed to hold above it. The candle is a doji for last week.
  • Support and resistance:
    S1#0.7050 , S2#0.7010, S3#0.6970
    R1#0.7125 , R2#0.7165 , R3#0.7200
  • Trading tips: below 0.7165 could target 0.6826
  • Strategy: Sell @0.7000, SL @0.7165, TP @0.6826