Pivot point: 0.7400
The expected scenario: Entering short positions at the lowest levels of 0.7400, targeting the levels of 0.7330.
Alternative scenario: entering long positions above the 0.7400 levels, targeting the 0.7470 levels.
Commentary: The Australian dollar pair is still maintaining the general bearish trend, through the bearish price channel, to collide at the beginning of Monday's trading at the upper line of the bearish price channel, so It is expected to represent a strong resistance level, especially in light of the price intersection below the moving averages (50 - 100), in addition to the presence of the liquidity flow indicator in oversold areas.
