On AUDUSD D1 chart price is around resistance on a psychological level of 0.7500. This area also coincides with upper limit of a downward channel and bearish band drawn by averages EMA (75-, 100-period). Probably in this place we will see response of bearish side. Bearish candlestick pattern can lead to continuation of declines. It is worth looking on a chart with lower time frame.

Pair on H1 chart is in a growth channel. It can be seen that test of the upper limit of the area and resistance stopped bulls. From this perspective, support is around level 0.7450. This zone coincides with lower channel border. Breaking these areas will probably lead to a strong downward impulse.

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