AUD/USD

Monthly
• Moving Averages crossed to the downside
• Price action has on prior months made a bullish structure but currently that structure has been broken
• Price broke below long term bullish trend line
• Price found resistance at weekly level of 0.79683 and subsequently made a double top before dropping
• Monthly resistance level of 0.76998 has in the past seen several spikes above it and has proved to continue to hold its strength
Weekly
• Moving averages crossed to the downside indicating bearish momentum
• Price action broke below long term bullish trend line
• Price currently reacting to bearish trend line
• Previous weeks candle was a strong bearish pin bar with a long upper week rejecting higher prices as well as finding rejection on the 8 Ema
Daily
• Moving averages about to cross to the downside but however they have converged
• Bullish counter trend line broken
• Price action currently reacting to bearish trend line by making several spikes above the bearish trend line but has failed to close above it
4 Hour [Execution Time Frame]
• Moving averages about to cross to the downside
• P.A has failed to close above bearish trend line besides having attempted on several occasions
• P.A has been making a higher highs and higher lows but however structure appears to be changing as price made a lower high
• Bullish counter trend line drawn and expecting it to be broken
• Price finding resistance on the 38.20 fib level and expecting it to head lower to the D1 fib extension
• Await C.T.L break or solid indication of bearish momentum