This is my outlook for AUDUSD: if price breaks the 0.64534 and closes above it, I would be looking for entries closest to the retest of the downtrend-line at 0.63734. And my TP would be at 0.67163 (260pips), the support of Oct. 2019. Having studied I am more in favor of price breaking upwards. HOWEVER, if price closes on the 4h below the 0.64276-0.64534, AND WITHIN the downtrend-line, I will be looking for entries to 0.57419 (680pips) for a confirmation.
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