AUDUSD currency pair was at a key resistance level at 0.7568. As you can see in the 4-hour chart below at the level converge Murrey Math lines: 6/8 of the interval W1 and 4/8 of D1 and H4.
This level is strong resistance, and the line 4/8 of Murrey Math Lines separates the downtrend from uptrend. If at this level will be signal (eg. from price action) you can expect slumping at least one octave to 0.7537 or two, to 0.7507.
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