AUDUSD Obstacle before bullish movements

While attempting to surpass the horizontal resistance marked from the June 16 high around 0.6900, AUDUSD has encountered selling pressure. The Australian dollar has formed a Double Top chart pattern, suggesting a bearish reversal. Additionally, the 20-period Exponential Moving Average (EMA) at 0.6758 is acting as a significant obstacle for bullish movements.

The Relative Strength Index (RSI) (14) has fallen below 40.00, indicating that downward momentum has been triggered.

My goal is 0.67560

Trade closed: target reached:

Another success 💥