AUDUSD Bearish Reversal

As you see in the 1H chart, although AUDUSD is in an uptrend, it couldn’t break the last high and has been rejected and pushed to the downside after touching the strong resistance level at 0.73

Currently, price is moving down towards the support level at 0.72700 and if it can break this level to the downside and closes a bearish candle below it in M15, we can expect more drop to the next support level around 0.7245 and in the case of a downside breakout on this level, the next target would be 0.72300

Otherwise, if the support level at 0.72700 pushed the price to the upside, we expect a rise again to 0.73 and even an upside breakout on this resistance level for more growth.