FX:AUDUSD   Australian Dollar / U.S. Dollar
High test of .7500 being rejected, bearish momentum away, another high test on the previous 4HR candle.

Looking at the FIB retracement down to 0.618 - although price still has S1 and S2 pivot point to break through.

the MACD is breaking below the 0 line and RSI shows room to sell down coming off the recent over buying.

Got some news coming up to trade through - but if positive for the US should help push the trade in our favour.

1:2 Risk/ Reward.
Trade closed: target reached: Great Risk Reward ratio 1:2

with momentum still going lower - will continue to wait and watch
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