Pivot point: 1.8215
Preferred scenario: Selling positions below the 1.8215 level with targeting levels -18040
Alternative scenario: Stop loss and change direction by breaking 1.8240 with targeting 1.8365 levels
Comment:
We have published an analysis of the AUD pair from here
Where the pair fell on the four-hour frame from the descending trend line from the top of October to complete the descending process until it reached support levels 1.8030-1.8045, with oversold saturation on the momentum indicator rsi
The pair is also moving in the bat harmonic pattern by 88% fibo from the xa leg at the same support levels, indicating the rise at the target of the pattern at levels of 1.8215-1.8230
>1.8040 Indeed, the pair rose to its targets, and the price is expected to fall to reach levels
