AUDUSD: Top-Down Analysis & Bearish Outlook 🇦🇺🇺🇸

AUDUSD reached a solid daily resistance.
After a test of the underlined blue area, the pair started to consolidate within
a horizontal range on an hourly time frame.

Its support violation is a change of character and signifies a highly probable
local dominance of sellers.

I expect a bearish movement to 0.648

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Trade closed: target reached