Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
AUDUSD is still overall bearish from a long-term perspective trading inside the brown channel, and it is currently retesting the upper brown trendline.
Moreover, the zone 0.675 - 0.685 is a strong resistance zone .
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance zone and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style: Since AUDUSD is approaching the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
and of course, as it retests the blue support, I will be looking for buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich