Aud/ Usd is a very interesting pair which has maintained its strength for prolonged period partially due to the weakness in the Dollars recently.
H4 AUD/USD Chart
Daily Chart AUD/USD
Weekly Chart AUD/USD
On the Daily Chart, we can see that resistance 1 at 0.9184 is a very important Resistance/Suppport. The possibility of breaching 0.9261, being the Resistance 3 on the daily chart cannot be discarded.
However, the presence of bearish sentiments on H1/H4/Daily charts are signalling us that the reversal may be on sight near term.
On H4, the next immediate support is 0.9096 (61.8% Fibo Retr), breaking it may expose 0.9022, and 0.8976 (being 38.2% and 23.6% Fibo Retr Respectively), and then 0.8900 (0.00 Fibo Retr)
Please do note the formation of Bearish triple tops on weekly charts is being finalised soon
In short, AUD/USD may reverse and dip below 0.8900 soon.
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