According to the daily chart, AUD/USD is still in uptrend as long as the price is above EMA 55. If the price breaks the range bellow 0.7780 level, will be a retracement. Also the MACD indicator confirms the possibility of a retracement in the next period.
The H4 chart indicates that AUD/USD is in a strong range. This pair will be in downtrend, if the price falls bellow EMA200. The entry point for this pair might be at 0.7820 level . Correlated with the daily chart, the price can go lower than 0.7780 level.
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