On weekly timeframe AUD/USD
tested long-term level 0.7232 but hasn't closed above and reversed down, which stated unconfirmed breakout. As daily candles show, closing values for 17-18 Sep were right below it. Also on daily chart AUD/USD
returned back below descending trend line
(violet), which connects minimum levels from 24 Jan - 02 Apr
. Its current value 0.7070 works as resistance.
Brown line on 4-hour timeframe indicates current AUD/USD
support at 0.6990. Expected trading scenario is test and retracement upwards in direction 0.7070.
Daily resistance 0.7070 is confirmed on 15-minute timeframe with lower trendline
. Upper lines suggest following dynamic resistance levels.