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