On the AUD/USD daily chart, there is an acceleration of the downtrend. If the “bears” manage to hold below the 0.7214 level (88.6% Fibonacci retracement level of the last upward wave), their counterparts may lose hope for the restoration of the “bullish” trend.
The nearest resistance level is located near the 0.7280 level. An update of the December low can send the quotes to 0.714 and 0.706.
On the AUD/USD hourly chart, a rise of quotes towards the resistance located at 0.727 followed by the rebound can be used for sales.
Recommendation: SELL 0,727 SL 0,7325 TP1 0,714 TP2 0,706.
Origin: FX BAZOOKA
