Description
⋅ AUDUSD could potentially have a downtrend as long as prices trading below the 0.7165 in the daily or 4hr timeframes.
Potential targets are either the 50% or 61.8% fibonacci retracement levels.
However a close above 0.7165 will cancel out this potential downtrend analysis.
Do double confirm with your own trade setups.
Happy trading =)