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AUDUSD Short-Term Outlook: This article analyzes the current price movement of the AUD/USD pair. The Fibonacci grid is one of my favorite tools. It shows how much the market has risen and fallen, and its trajectory. Since each analyst uses a different Fibonacci grid setting, it is not always clear how to set it up correctly. The market is in a downtrend, and buying may be costly. Currently, this pair is trading at 0.71504. In fact, the current price is 0.71509. After that, the decline will continue, remaining below 0.71506. Alternatively, it may rise above 0.71507, in which case the target would be 0.72794, which could be reached soon. Everything is stable here, nothing has changed since the market opened, and the downtrend continues. In principle, all currencies in the Pacific Rim region are still under pressure. However, it is worth noting that the local currency law still needs updating, and it is trading above 0.64. Of course, this is heavily dependent on the demand for US dollars. The situation is generally complex, but it should be noted that despite the downtrend, there is no focus on selling. However, there are no signs of a continued decline at the moment.

I previously bought at a level slightly below 0.64, but my priority is an uptrend. This pair will not fall sharply, and if I can sell part of my position, it will only reach the low of 0.71092. Nevertheless, this pair will rise from here and recover to above 0.71872. I wish you successful trades and big profits. Therefore, those with balanced positions should wait until the 0.71472 level is broken. Overall, there are no sell signals. A buy is needed when the H-4 candlestick closes above 0.71672. I do this by tracking the high of the previous day's candlestick.