AUD/USD--Another SELL DOWN Target ???

AUD/USD on H4 hovered between 0.8780-0.8720 with  diminishing upward momentum toward end of  last week's  trading days.

However, the mild positive-biased indicators show  that its next up- movement toward  0.8860 cannot be ruled out.

On Daily Chart, the PA (Price action) is TESTING the 100 EMA at 0.8780., but the Maximum possible uplift shall be capped at 0.9000 (its next resistance) due to its diminishing momentum and flat divergence ahead.

On the Down side, on Daily Chart, breaking  0.8668 ( 50% Fibo Retr) shall expose 0.8527 (61.8% Fibo Retr),which is also near the Ichimoku cloud bottom), followed by 0.8060 next.

Strategy:

SELL Near 0.8820-0.8840  (Its next resistance on Daily Chart)

First Target: 0.8668, followed by 0.8527, then 0.8060

H4 Chart:

Daily Chart