AUDUSD: Traced out a near-term top at 0.7630

Since the daily RSI has pointing South and the oscillator has shifted to a bearish crossover, weakness is anticipated to 0.7515-0.7470 levels initially. During Powell’s press conference, the cross-posted a low at 0.7530 and tested the lower end of rising wedge.
Before retraced to one week low, the cross was rejected at 100EA last and this week traced out with a triple top at 0.7626 levels.
Overall in the near term, the combination of all these factors are pointing to 0.7500-0.7470 levels ahead of resistance zone seems to be between 0.7600-0.7630 levels. Return above the resistance zone would ease downside pressure.

Noting that, we committed to our longer-term bullish view for 0.8100 levels. Waiting to buy ard 0.7350 levels.