The currency pair AUDUSD after strong growth which took place in the morning, reached the area of resistance around 0.7250, which is the upper limit of consolidation.
There also appeared a supply response and the stochastic oscillator was in overbought area, from which slowly began to leave.
Thus, if the price continues to go on sideways movement, it seems that will fall to the lower band of consolidation. If there has been closing above an area of resistance, short-term pro-downward bias will be negated.
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