AUD/USD Technical Analysis

AUD/USD is changing trend
We could see a drop below resistance level
M L3 is support
Q L3 could be the target

DAILY CHART AUD/USD

Higher High
Swing Low
Entry Zone
Q L3 and M L4 are targets

The AUD/USD was getting bullish but it has hit important resistance. The price has rejected the resistance and it is dropping. The first target has been hit 0.7195. Strong momentum down might bring the price back to 0.7167. If the market gets there we should see Q L3 and M L4 0.7115. This is the final target. Pay attention to 0.7170. If the market bounces from that level we might see bullish continuation. At this point looks like the trend is changing.