AUDUSD is at the resistance level priced at the 0.6570. This is the slip level from where the market can drop further down towards the support level. It should be noted, that the trend is still bullish and we are just taking the sells based on the retracement levels. This is a risky level to sell.

The ascending trendline is still breaking out from the level of price action. But the structure is still bullish. Until it turns bearish, we cannot ascertain the bearish pressure.

EMA 50 is still bullish and once the market starts to plummet, we can take profit at the retest level.

RSI is at 62. It needs to move towards the over bought region from where the market can form a bearish divergence and continue moving down.

AUDUSD to sell from 0.6570

Nov 24 2023