Bias Bearish AUDUSD, Beware of resistance at 0.7030

The bias for the AUDUSD still likely bearish movement, especially for the price moves below MA 50-100-200 signal in the 1-hour chart. However, the price of potentially bullish in the short term because the Stochastic indicator moving upwards.

For the upside, closest resistance levels seen at 0.7030 area, breaking through to the top of the region the price is likely to move along at least neutral instructions to test the 0.7060 area before aim for 0.7110 key resistance area. Meanwhile, if the price does not penetrate to the top of the 0.7030 area, the potential of becoming a strong bearish bias test to the nearest support area at 0.6980 area, to penetrate to the bottom of the area to test the potential price to fig 0.6950 before aim for 0.6900 area strong support.

Resistance levels: 0.7030, 0.7060, 0.7110
Support levels: 0.6980, 0.6950, 0.6900