The AUD/USD has formed a bearish M pattern on a Weekly time frame which suggests the bearish continuation. In intraday timeframe, the price is progressing further down, and 0.7400-10 could reject the price. The huge intraday trend line holds the trend in place. The target is 0.7360. Below the 0.7360 – targets are 0.7347 and 0.7328.
W L3 – Weekly Camarilla Pivot (Weekly Interim Support)
W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)
D L3 – Daily Camarilla Pivot (Daily Support)
D L4 – Daily H4 Camarilla (Very Strong Daily Support)
POC – Point Of Confluence (The zone where we expect price to react aka entry zone)
