Looking into AUD/USD
long term I have no clear stance, however we have seen multiple rejections of the 0.77 level. Price has currently hit and rejected the weekly key level of 0.75 where price put in place a bearish engulfing
candle on the daily showing sellers entering the market at this level. This also lead to a strong dojo candle on the weekly which could indicate previous buyers are reluctant to take this higher. on the higher time frames there isn't a clear move however on the 4hour chart price put in place a double top
at the 0.75 level leading to a break below the ascending trend line
which also led to price breaking short term bullish
structure and price now currently holds at the previous higher low level which could prove strong as resistance. If I saw some more bearish
confluence, possible with a new lower low on the lower time frames I think we could see a quick rally down to the 0.7350 key level. One to watch for the upcoming week! I wouldn't feel confident holding this one for long term however.