AUDUSD touched and fell from the Daily Trendline (which was previously broken) creating a huge wick. It is currently trading in a small resistance area. We can expect the price to fall in steps as marked in the chart. We can book profits at each level. We cut the loss if it go beyond the recent resistance level
Comment:
1st and 2nd targets reached
Trade closed: target reached:
Price reversed after completing Target 1 and Target 2