AUDUSD

I believe the bulls have exhausted at .7275 weekly resistance, and the bears will start to take over soon. Micro-trend line has been broken on 4hr and the strong bearish candle noted by the red arrow shows very aggressive selling pressure at this weekly resistance zone. We also have a Crossdown of the 21/8 on 4hr for more confluence. If we take a look at the daily chart on the right, My first target is .7400 Monthly Support, giving me 1.3 RR. If we swing up at .74, then AUDUSD will be officially on an uptrend.