On a Weekly timeframe. This pair is forming downtrend. Lower Lows and Lower Highs have been established. and im currently waiting for AUDUSD to form Lower High around the Weekly resistance area of 0.7600. Previously it had broken Uptrend that sustained for 2 years. So I expect this downtrend move to last from 6 month to 16 month (depending on the fundamental and Gold price).
On a Daily timeframe. The price has been in Range between 0.7370 and 0.7440. My bias is Bullish until it hits 0.7600 price.
On 4H time frame. the price had breached the descending trendline last week. Currently I'm waiting for the price to retest the trendline and bounce back to breach the 0.7440 resistance area and then form the new Weekly Lower High.
On a Daily timeframe. The price has been in Range between 0.7370 and 0.7440. My bias is Bullish until it hits 0.7600 price.
On 4H time frame. the price had breached the descending trendline last week. Currently I'm waiting for the price to retest the trendline and bounce back to breach the 0.7440 resistance area and then form the new Weekly Lower High.