AUDUSD is being on Bearish Run since after mid of April and breaks Below 0.76500, Price had also retested the weekly Trendline and Made new Lower Low at 0.73100. But the price is unable to confirm below 0.73500 and Weekly Time-frame has shown 5 wick Candle Rejection which is indicating the buying force of Australian Dollar.

Price is trapped in the range of 0.74500-0.73500 more than a month. And we could Soon see a break of this structure, we personally see AUDUSD going to 0.75000 and there we will wait for price action, If daily Candle Stick confirms above the trendline then we can expect it to Resistance Region(0.76500) or if price show rejections around 0.75000 trendline resistance then we can see Bearish Trend Extension till 0.72000.

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