FX:AUDUSD   Australian Dollar/U.S. Dollar
Conducting Top down analysis I personally believe this pair would reach 0.8200-0.8250. However, we trade with strategies in place. First target being 0.8000 (Safety Target) However, if price breaks through the upward trendline and below senkou Span b then we would be looking short at levels 0.770-0.7550. The 200 Ema is acting as resistance on Monthly Weekly and daily time frames. Dropping down to the 4 hour time frame we can see it is acting as support with a bullish engulfing candlestick in play.
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