The Aussie is trading inside a rising channel and pushed downwards influenced by the resistance and 50% Fibonacci level on the h4 chart. The pair is now trading in a strong negative impulse, we are waiting for the break of the lower leg of the ascending channel, for the price to break free from the upward trend, to start confirming the bearish trend strongly. All traders can enter sell positions after breaking the uptrend and the final target is at 72.90. We advise traders to enter into suitable contracts according to the size of the capital while maintaining the appropriate stop loss for all contracts.
