Hope you all are doing good!!
This is the current week plan of AUDUSD pair.
My Bias is SHORT for this pair due to below reasons:
1) Price got rejected by daily 200MA.
2) Price got rejected by Weekly Resistance line.
Watchout for the Signal after breaking the below trendline.
The first TP will be at .38% Fib Retracement of June end Up move which lies around 1.25100.
We will watch for the price action at this point. If broke further the next target will be 0.5% Fib retracement which is around 1.24600
Please follow and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.