AUDUSD to Bearish Target Details in Chart

The Pair AUDUSD is in a strong Bullish Movement. On the Weekly Chart, there is a Resistance zone at 0.7150, now the price is reacting on this area, trying to break the upside but fails several times that create divergence on the 4hours chart. This influence indicates a bearish movement. We can’t say the market movement is going to be changed but a short-term bearish movement is expected to Rebalance the price. The target of this bearish movement can be the support zone marked by the orange level.

audusd analysis

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