Trading recommendations:
According to the previous events, the AUD/USD pair is still moving between the levels of 0.7708 and 0.7771. The descending movement is likely to take place below 0.7770 with the first targets at 0.7740 and 0.7710. On the other hand, stop loss should always be in account for that you have to set your stop loss above the last bullish wave at the level of 0.7790.Observations:
Resistance is seen at 0.7770 (sell below this level). Support has already placed at 0.7678 (buy above this level for retesting this level because the trend still calls for the bullish market in the short term). A double bottom is seen at the level of 0.7680. We expect a range of 274 this week.