Audusd is following the downward channel. After forming bearish engulfing on h4 yesterday, this pair started falling. Today, on H1, we can see big bearish rejection candle which gives an idea of selling pressure on this pair. As this pair is now on the lower side on the downward channel, we can expect little up movement for a short time and then we can look for sell for the more downward rally.
Upside resistance lies at 0.7475 and 0.7510 level. If this pair breaks this resistance, then this pair will look surely massive bullish momentum toward 0.7600 level.
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