**Monthly Chart**
Last month closed as a manipulation candle suggesting a continued bearish movement. The next target is around the 0.62700 level. Any short-covering rallies will be a selling opportunity on lower time frames.
**Weekly Chart**
AUDUSD weekly candle closed bearish for the 5th consecutive week, suggesting a continued move to the downside. The next target is around the 0.62700 level.
**Daily Chart**
The strong selling happened after the test of Equal highs on weekly on 28th Dec 2023. The pair continues to move lower. This week I will be looking for any short covering rally to sell this pair and my next target is around 0.63000 before shifting to buy. Look for setups on 4H and 1H Charts.
Last month closed as a manipulation candle suggesting a continued bearish movement. The next target is around the 0.62700 level. Any short-covering rallies will be a selling opportunity on lower time frames.
**Weekly Chart**
AUDUSD weekly candle closed bearish for the 5th consecutive week, suggesting a continued move to the downside. The next target is around the 0.62700 level.
**Daily Chart**
The strong selling happened after the test of Equal highs on weekly on 28th Dec 2023. The pair continues to move lower. This week I will be looking for any short covering rally to sell this pair and my next target is around 0.63000 before shifting to buy. Look for setups on 4H and 1H Charts.
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