AUDUSD is now consolidating at the top of the long term bullish channel. The 0.75573 level is holding the price to go further and it serves as a strong resistance zone. If the price breaks the zone there will be a greater chances that it will become a support zone.
The price might retest the supply and demand zone before it retry to break the resistance zone at 0.75573 level. If the price breaks the supply and demand zone it there will be a higher chances that it will retest the H4 trendline or even break it to retest the bottom of the Long Term Bullish Channel near 0.69582 level.
Key Levels
0.76410
0.75573
0.72703
0.69582
The price might retest the supply and demand zone before it retry to break the resistance zone at 0.75573 level. If the price breaks the supply and demand zone it there will be a higher chances that it will retest the H4 trendline or even break it to retest the bottom of the Long Term Bullish Channel near 0.69582 level.
Key Levels
0.76410
0.75573
0.72703
0.69582